MEDIA RELEASE
Switzerland and UAE, June 24, 2012 - Swiss wealth management expert Falcon Private Bank was awarded 'Best Private Bank, UAE' by World Finance, one of the leading international financial publications in June 2012. Since opening its first Middle Eastern office in 2009, the Bank has earned numerous achievements and accolades, recently announcing its assets under management in the Middle East at over 1 billion dollars.
World Finance is committed to the very highest standards of journalism and has established a coveted reputation for excellence over the years, enjoying a readership of 120,000 key decision-makers around the world. The World Finance Banking Awards are known throughout the financial press as the pinnacle of recognition for major banks. The Award Selection Panel used a wide range of criteria to inform the decision on its 2012 awards, lending the critical eye of a collective 230 years of business journalism to the exhaustive information gathered by the research team. Key factors included bank performance, financial ratios, variety and clarity of products and services as well as Corporate Governance, among other factors.
"We are very pleased to have been recognized for our efforts and achievements by World Finance. We continuously strive to offer not only the highest levels of service to our clients, but also the most cutting-edge financial solutions; aiming for nothing but the finest in Swiss private banking," said CEO, Eduardo Leemann.
Zafar Khan, Chief Executive for the MENA region added, "It is an honor to have been bestowed this award - to be acknowledged as Best Private Bank in the UAE is quite an achievement, and one that myself and our team are particularly proud of."
This year has been a very successful one to date for Falcon Private Bank, having exceeded its AuM target in the Middle East and having recently been awarded "Most Progressive Private Bank Switzerland 2012" by Global Banking and Finance, renewing its partnership with Formula 1 racing team Scuderia Toro Rosso, and launching the Falcon MENASA Fixed Income Fund.
About World Finance Banking Awards 2012:
http://www.banking-awards-2012.worldfinance.com/
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FALCON PRIVATE BANK LTD. is an experienced Swiss private bank specialized in asset management for high net worth private clients and families. Its clients all over the world enjoy the benefits of over 40 years of experience in Swiss private banking and the financial strength and solidity of its owner aabar Investments PJS. Falcon Private Bank is based in Zurich, Switzerland with branches and representative offices in Geneva, Abu Dhabi, Dubai, Hong Kong and Singapore. Falcon Private Bank Ltd. also holds 42.5% of bank zweiplus; the other 57.5% is owned by controlling shareholder Bank Sarasin & Cie AG.
AABAR INVESTMENTS PJS is a global investment company investing across industry sectors in attractive opportunities with significant long-term growth potential. International Petroleum Investment Company, an investment company wholly owned by the Government of Abu Dhabi, owns 95.3% of the shares in aabar.
MEDIA CONTACT:
IRENE FRANCO
Falcon Private Bank Ltd.
Head of Communications, Media Relations
+41 44 227 57 32
irene.franco@falconpb.com
www.falconprivatebank.com
