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UAE best private banks.

Summary: Looking for a private bank? Here's the WEALTH Arabia guide to some of the best private banks operating in the UAE, in no particular order...

BARCLAYS WEALTH

Barclays wealth and investment management division concluded 2012 with its Au350 million investment project Gamma which focused on expanding the global business. The Middle East was part of this investment programme and clients in the region witnessed the upgrade in the geographic reach, level of service and product offering.

Middle East clients are offered a bespoke holistic offering that caters for complex financial requirements and objectives ranging from wealth and investment to corporate and investment bank needs as well as retail offerings for their employees.

The wealth and investment management division consistently presents research for providing global investment recommendations and specialised expertise ranges from tax and legal specialists to philanthropic advisory.

Dubai

DIFC Gate Village, Building 10, Level 6. PO Box 506674, Dubai, UAE

Tel: + +971 (0)4 365 2900

Abu Dhabi

Al Jazeera Tower, Ground Floor Hamdan Street, PO Box: 2734 Abu Dhabi, UAE

Tel: +971 (0)2 495 8329

www.barclays.com

COUTTS & CO

Established in 1692, Coutts aim to help clarify the complexities of wealth, lighten the burden of managing it and exploring its endless possibilities.

A global bank that delivers tailored wealth management, banking, trust and fiduciary solutions. Coutts is the wealth division of Royal Bank of Scotland Group. Serving clients from over 40 offices across the world, Coutts is headquartered at 440 Strand, London with offices in Zurich, Geneva, Hong Kong, Singapore and Dubai.

In 2012, Coutts sold its Latin American, African and Caribbean business, reducing its international footprint to 78 markets from 172. Consolidated net profit rose to CHF 101 million in 2012, up 153 per cent from the same period a year. Much of the improvement reflected the CHF 26 million profit from the sale of the Latin American business. Total client assets under management CHF 32.5 million (AED 131 million/$36 million).

Dubai:

Tel. +971 4 706 5501 Abu Dhabi:

Tel. +971 2 408 4009

www.coutts.com

HSBC GLOBAL

ASSET MANAGEMENT

HSBC Global Asset Management is a major global asset management firm managing assets totalling $412.9 billion (AED 1,540 billion) at the end of June 2013 with businesses in Europe, the Asia-Pacific regional, North America, Latin America and the Middle East.

HSBC GAM is wholly-owned by HSBC Holdings plc (HSBC Group), one of the largest financial services organisations in the world. The services and products aimed at High Net Worth Individuals in the UAE include the HSBC Discretionary Wealth Management Services.

For a customer with more than $1 million to invest, an investment portfolio will be designed and managed by a dedicated specialist Discretionary Wealth Manager.

For more information, email: financial.plan@hsbc.com with your contact details and a Premier Wealth Relationship Manager will call to arrange an appointment. Tel: 800 40 4443.

HSBC Bank Middle East Limited

Level 5, Building No.5, Emr Square, PO Box 502601, Dubai, UAE

Tel: +971 4 423 6723 / +971 4 426 7381

www.hsbc.ae, www.global.assetmanagement.hsbc.com

MIRABAUD & CIE

With a presence on three continents, the Mirabaud Group offers private banking, asset management, intermediary services and personalised financial advice to Swiss and international clients.

As an independent company undergoing major expansion, the Mirabaud Group is built around the entity Mirabaud & Cie, banquiers prives, which was founded in 1819 in Geneva, where it still has its head office today. The firm has about $27 billion (AED 99 billion) in assets under management.

Since 2007, the group has had a company in Dubai dedicated to private and institutional asset management and corporate finance.

Mirabaud (Middle East) Limited

24th Floor, North Tower, Emirates Financial Towers, DIFC

PO BOX 506666, Dubai, UAE

T +971 4 426 6777 www.mirabaud.com

LOMBARD ODIER DARIER HENTSCH (LODH)

Founded in 1796, Lombard Odier & Cie is the oldest firm of private bankers in Geneva and one of the largest in Switzerland and Europe.

With a network of 25 offices in 18 countries, LODH offers its private and institutional clients a range of advisory services in wealth management, financial products, and specialised areas. An independent family business for seven generations, the firm is run by eight partners. Since they are both owners and managing directors, they are not subject to shareholder pressure. The firm established a Dubai office in 2006. Globally, LODH has about CHF 155 billion (AED 625 billion/$170 billion) of assets under management.

Lombard Odier & Cie, Representative Office Dubai

Managing Director, Arnaud Leclercq

The Fairmont, 25th Floor, Sheikh Zayed Road

P.O. Box 212240, Dubai, UAE

Tel.: +971 4 509 0111

dubai@lombardodier.com

www.lombardodier.com

JULIUS BAER

Founded in 1890 in Zurich, Julius BEnr Group Ltd. is a leading Swiss private banking group focusing exclusively on private clients, family offices and external asset managers.

Strictly for the High Net Worth Individual, Julius Baer is the largest dedicated wealth manager in Switzerland and holds assets under management worth CHF 218 billion (AED 880 billion/ $240 billion). The firm is now integrating Merrill Lynch's International Wealth Management business outside the US. This will increase the Group's presence to more than 25 countries and 50 locations. Global offices include Dubai and Abu Dhabi.

Dubai

Bank Julius Baer & Co. Ltd.

Level 14, Emirates Towers, P.O. Box 124251, Dubai, UAE

Tel. +971 (4) 33 00 751

Julius Baer (Middle East) Ltd.

Dubai International Financial Centre (DIFC)

Gate Village, Building 5, Level 8, P.O. Box 504925, Dubai, UAE

Tel. +971 (4) 32 75 551

Abu Dhabi

Bank Julius Baer & Co. Ltd.

Al Bateen Office Tower C1, Level 8, Bainuna 34th

Street P.O. Box 111182, Abu Dhabi, UAE

Tel. +971 (2) 667 3903

www.juliusbaer.com

SOCIETE GENERALE

Three centuries of innovation and international development at the service of private clients.

Societe Generale Private Banking (SGPB) is part of Societe Generale Group, which was founded in 1864 and is today one of Europe's leading banking groups. The wealth management approach is based on a personal relationship between clients and their private banker. SGPB is active in 16 countries, mainly in Europe and Asia, with 2,500 employees, and e1/484.5 billion (AED 4,200 billion/$1,142 billion) of assets under management as of 30 June 2013.

Dubai

Societe Generale Bank & Trust

DIFC The Gate Village, Building 6, Floor 4

PO Box 506642, Dubai.

Tel: +971 4 4257 600

Abu Dhabi

Societe Generale Private Banking

Level 16, Al Sila Tower, Suwwah Square, Al Maryah Island

PO Box 129 588, Abu Dhabi. Tel: + 971 (0)2 676 6029

www.privatebanking.societegenerale.ae

NATIXIS GAM

One of the largest asset management companies in the world.

Natixis Global Asset Management is a subsidiary of Natixis, the corporate, investment management and financial services arm of Groupe BPCE. With about $783.3 billion (AED 2,875 billion) assets under management, Natixis is one of the largest asset management companies in the world and has more than 20 investment managers in the US, Europe and Asia. The firm prides itself on a consultative approach based on listening and understanding clients' needs that goes beyond products to create comprehensive investment solutions for institutions, intermediaries and individuals.

NGAM Middle East is a branch of NGAM UK Limited

Currency House Tower 2, Level 6, Unit 3, DIFC

P.O. Box 118257, Dubai, UAE

Tel: +971 4 365 8066

Email: ngam.me@ngam.natixis.com

www.ngam.natixis.com

SARASIN ALPEN

Sustainable Swiss Private Banking since 1841, Sarasin Alpen focuses on a business model that, in the best interests of its clients and partners, minimises risks as much as possible.

The J. Safra Sarasin Group has its roots as a leading Swiss private bank. As an international financial service provider committed to sustainability, the Group is now represented worldwide in 30 locations in Europe, Asia, the Middle East, and Latin America. At the end of December 2012, the Group profit for the year came to CHF 171 million.

The Group is present in the GCC and India as Sarasin-Alpen. Its first presence in the GCC was established in the DIFC in Dubai 2005. The Group manages total clients assets of CHF 130 billion (AED 524 billion/$142 billion) and has over 2,100 employees. It has stockholder equity of CHF 3.3 billion.

Abu Dhabi

1st Floor, East Tower,

P.O. Box 54049,

Abu Dhabi Trade Centre

T: +971 (0)2 652 9888

Dubai

Dubai International Financial Centre

4th Floor, Gate Precinct

Building 5 (North)

P.O. Box 121806, Dubai,

T: +971 (0)4 363 4300

www.sarasin-alpen.com

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Publication:Wealth
Geographic Code:70MID
Date:Nov 5, 2013
Words:1453
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