Bloomberg/Bryn Coltonby Kudakwashe Muzoriwa
Swiss-based EFG International has extended its footprint in the Middle East with the establishment of a new advisory office in Dubai, having received the necessary regulatory approvals from the Dubai Financial Services Authority.
The new advisory office is expected to be fully operational by 11 December 2019 and it will be headed by Sascha Pietrek.
EFG stated that the UAE is already an important market for the private bank and the new office will enhance its ability to serve the region’s HNWI client segment by providing advisory services from the Dubai International Financial Centre as well as capture important market opportunities.
Adrian Kyriazi, the Head of Continental Europe and Middle East Region of EFG International, said, “Building on our already successful operations in Bahrain, we have all the necessary expertise—combined with our extensive in-house products and service offering—to ideally cater to clients’ needs.”