Falcon bank looks to double Middle East assets

07 October 2010

Swiss private bank will target the region’s wealthy individuals

Eduardo Leemann, chief executive of Swiss private bank Falcon, wholly-owned by Abu Dhabi’s Aabar Investments, has said that its assets under management in the Middle East are expected to more than double by tapping into the region’s wealthy individuals, Reuters has reported. “High net worth individuals in the region are extremely focused on returns and want to leverage up their investments. They are also looking for a lot of structured products,” Leeman said.

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