Neue Privat Bank (NPB) has launched its first Middle East and Africa base in the Abu Dhabi Global Market (ADGM).
NPB Middle East (ME) is a joint venture between NPB and investment company Almha.
The Zurich-headquartered firm offers a range of private banking and asset management services to private clients, independent asset managers and institutional investors.
Peter Albinsson, head of private banking international and ultra-high net worth individuals at NPB, said: “NPB looks forward to bringing our experience and expertise to the UAE, the second largest Arab economy, which is becoming an increasingly attractive market for private wealth management.
“We are pleased to anchor our first Middle East and Africa base with ADGM as this will serve as a strategic hub for NPB to cater effectively to the evolving needs of our customers in the UAE and across the region.
“ADGM’s world-class platform and proven track record in driving innovative and impactful developments will support us in meeting our growth objectives for the region.”
