Fairbairn Private Bank awarded licence in United Arab Emirates
20 September 2011
Fairbairn Private Bank has been granted a representative office
licence by the Central Bank of the United Arab Emirates and is
opening an office in Dubai in response to growing demand from
clients based in the United Arab Emirates (UAE).
"Having closely monitored the region for the past five years, we
are now delighted to be granted a licence for the UAE, which forms
a natural part of our expansion plans," said Greg Horton, managing
director of Fairbairn Private Bank. "It demonstrates our commitment
to the Middle East market and will allow us to provide excellent
service to clients based there.
"Our research has shown that individuals in the region are
becoming more demanding in both the level of service and the range
of wealth management solutions they require. We feel our offering
can fully meet these requirements."
The licence permits Fairbairn Private Bank to offer local expertise
and promote its award-winning wealth management services to
international expatriates, intermediaries and high net worth
individuals throughout the UAE.
With established offices in the Isle of Man, Jersey and London,
plus a representative office in South Africa, the bank can offer
offshore banking, asset management and private client services.
Fairbairn Private Bank was recently
voted Best International Wealth Provider in the Professional
Adviser International Fund and Product Awards 2011.
Ends
For further information:
Fairbairn Private Bank press
office
Tel: +44 (0)1624 645000
Issued by:
Kate McDowell, Isle of Man Advertising and PR
Ltd
Tel: +44 (0)1624 620440
About Fairbairn Private Bank
Fairbairn Private Bank operates a comprehensive private and
personal banking operation on behalf of a wide range of clients.
These include private individuals, non-trading companies, trusts,
governments and institutional investors. A full range of banking,
investment, trust and corporate services can be accessed through
its offices in the Isle of Man, Jersey, London and its
representative office in South Africa.
Fairbairn Private Bank is a member of the Old Mutual Group.
When referring to Fairbairn Private Bank - please ensure that
the company name is printed in full and not abbreviated.