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March 9, 2016 | 18:00 | Dubai
Falcon Private Wealth Dubai — an international wealth and asset management firm and a wholly owned subsidiary of Falcon Private Bank, a Swiss private banking boutique — has received final licence approval from the Dubai Financial Services Authority (DFSA) to operate from the Dubai International Financial Centre (DIFC) with immediate effect.
Under the ‘3c licence’ type, the Bank will be in a position to offer customised financial solutions to its regional clients. Commenting on the launch, Eduardo Leemann, Chief Executive Officer of Falcon Private Bank said: “Our new DIFC licence will enable us to strengthen our local wealth management capabilities and provide clients with even more customised financial services.” Dr. Erich Pfister, Global Head Private Banking and Chairman of Falcon Private Wealth Dubai added: “This step emphasizes our strong commitment to the UAE and aims to support our growth plans in the MENA region.”