Business | Banking

Clariden Leu launches asset management unit in Dubai

Clariden Leu's enhanced presence in Dubai shows the importance of the Middle East and represents the ongoing implementation of its growth strategy.

  • Staff Report
  • Published: 00:47 March 3, 2008
  • Gulf News

Dubai: Clariden Leu, a leading private bank in Switzerland, yesterday officially opened its asset management company in Dubai to offer wealthy clients local and exclusive private banking services and innovative products, a statement said.

Clariden Leu's enhanced presence in Dubai shows the importance of the Middle East and represents the ongoing implementation of its growth strategy.

With the opening of Clariden Leu's asset management company in Dubai, the traditional Swiss private bank strengthens its local knowledge and intensifies its activities in this important region. Wealthy clients benefit from an attractive range of wealth management services, which are state-of-the art and offer a tailor-made investment strategy based on their individual needs.

In addition to exclusive private banking services, Clariden Leu offers a dynamic and innovative product platform comprising a broad range of investment funds, individual solutions for investment, and structured products.

Hans Nützi, CEO of Clariden Leu said: "The Middle East is an important growth market for Clariden Leu. The opening of our asset management company shows our commitment to the financial centre in Dubai. We are proud to offer our services in this dynamic economic environment."

Clariden Leu Asset Management (Dubai) Ltd. holds a Commercial License Cat. 3, regulated by the Dubai Financial Services Authority, and is headed by Mannan Adenwalla. He has long and deep experience in private banking and knows the local market intimately. The company is located in the Dubai International Financial Centre.

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