Under the Dubai Financial Services Authority (DFSA) “3c licence” type; Falcon, the international wealth and asset management arm of Swiss private banking boutique Falcon Private Bank, will be able to offer wealth management and financial solutions to regional clients.
Eduardo Leemann, chief executive 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.”
Erich Pfister, global head private banking and chairman of Falcon Private Wealth Dubai, said: “This step emphasises our strong commitment to the UAE and aims to support our growth plans in the MENA region.”
