Switzerland-headquartered Habib Bank AG Zurich (HBZ) is extending its global network presence with a branch in the Dubai International Financial Centre (DIFC).
The office will expand its private banking and wealth management offering in the region. The firm will focus on wealth preservation and legacy planning.
HBZ has had a presence in the UAE since 1974, serving a wide range of clients for retail, commercial and Islamic banking needs.
Salman Haider, chief executive of group wealth management at HBZ, said: “I am delighted to announce HBZ expanding its presence in a key global financial centre, such as DIFC, thereby realising our private banking and wealth management ambitions and further cementing our commitment to the UAE and the region.
“Habib Bank AG Zurich, established in 1967, is an institution with a rich heritage and legacy. Being a part of DIFC will further cement our position in the UAE and the wider region. DIFC represents an important centre for us to pursue our growth ambitions.”
This comes several weeks after HSBC set up a private banking hub in the UAE and Zurich-headquartered private wealth services provider 1291 Group unveiled an operation in the DIFC.
