Swiss private bank, Mirabaud, has launched a new subsidiary in Abu Dhabi.
The new business has been developed in partnership with SBK Holding, the investment vehicle of crown prince Sheikh Sultan Bin Khalifa Bin Zayed al Nahyan.
It will provide domestic and international wealth management advisory along with a number of other investment services including business development, succession planning, structuring and facilitating the transmission of private wealth, consolidating and reporting assets, and advising on acquisition, merger or sale of investments.
It will be based in the Abu Dhabi Global Market and will be led by Ronald Tamer, chief executive of Mirabaud Abu Dhabi and supported by Alain Baron, head of Mena Wealth Management, and Olivier Honsberger, chief executive of Mirabaud Middle East.
Swiss banks are increasingly focusing on high-net worths in the region. In November, EFG International opened a Dubai office while the likes of UBS and Credit Suisse have made senior appointments within their wealth management divisions in Mena.
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