Bank Sarasin-Alpen (ME) Limited, a subsidiary of the Swiss private bank, Bank Sarasin & Co. Ltd, Switzerland, today announced the opening of its representative office in Abu Dhabi. The new entity – Bank Sarasin-Alpen (ME) Limited Abu Dhabi (Representative office) which has been granted its status by the Central Bank of the UAE will introduce private banking clients to a comprehensive range of wealth management services of the Sarasin Group.
The Sarasin Group whose majority shareholder is the AAA-rated Dutch Rabobank is incorporated in the Middle East and India through its subsidiary Sarasin-Alpen which has offices in Bahrain, Dubai, Doha, Muscat, Mumbai and New Delhi. The representative office in Abu Dhabi is the seventh office of the Sarasin Group in the Middle East and India. In a short span of six years, Bank Sarasin-Alpen has established itself as a well known brand in the region and was awarded the "Best Private Bank in the Middle East" at the Banker Middle East Industry Awards in 2007, 2008 and 2010.
Fidelis M. Goetz, Head of Private Banking, Bank Sarasin & Co. Ltd, Switzerland
"Sarasin is committed to expanding its presence in the Middle East. We see great potential in the opportunities provided by the Gulf markets and hope to continue serving our clients with innovative products and services."
Rohit Walia Executive Vice Chairman & CEO – Bank Sarasin-Alpen Group – Middle East and India
"We are delighted to announce our representative office in Abu Dhabi. The UAE is an important market for us and we hope to strengthen our position in the UAE with our offices in Dubai and Abu Dhabi.
In the Middle East and India, Sarasin-Alpen operates along with its investment banking associate – Alpen Capital. Both organisations function through a simple but successful model wherein the investment banking capabilities of Alpen Capital complement the private banking activities of Sarasin-Alpen.