Sunday, November 25, 2007
Julius Baer opens representative office in Abu Dhabi
Julius Baer, Switzerland's leading dedicated wealth manager, has opened a representative office in Abu Dhabi. The office will serve as a point of contact for clients who wish to invest internationally. This step will help expand Bank Julius Baer's business in this dynamic growth market and demonstrates its commitment to the region. The office is headed by Peter Traber.
The new representative office in Abu Dhabi will introduce private banking clients to Julius Baer locations worldwide in order to provide them with a comprehensive range of best-in-class information on wealth management products and services.
Alex W. Widmer, CEO of Bank Julius Baer, commented: "Abu Dhabi enjoys strong economic growth and favourable market development, holding considerable wealth creation opportunities. The opening of our representative office in Abu Dhabi marks another important step in our global growth strategy and reflects Julius Baer's firm commitment to this dynamic region."
Thomas R. Meier, CEO Middle East, Asia and Eastern Europe at Julius Baer, added: "Our aim is to be close to our clients. With our comprehensive expertise in wealth management as well as an excellent track-record and high reputation in the United Arab Emirates, Julius Baer is ideally positioned to provide best-in-class information to clients of the region."
The Julius Baer representative office is headed by Peter Traber, who has several years of experience in Private Banking in Abu Dhabi. It operates under a licence granted by the Central Bank of the United Arab Emirates and is located at Bainuna 34th Street, Al Bateen Office Tower C1/Level 8, Abu Dhabi, U.A.E.
Julius Baer was the first international private bank licensed to operate in the newly created Dubai International Financial Centre in 2004.
About Julius Baer
Julius Baer is the leading dedicated wealth manager in Switzerland. The Group, which has roots dating to the nineteenth century, concentrates exclusively on asset management for discerning private and institutional clients as well as on the management and distribution of investment funds. The Private Banking business and the Investment Products unit comprise Bank Julius Baer, which has an Aa3 rating from Moody's. Other core companies of the Group are GAM, a global leader in active asset management, and the specialised fund and institutional asset management company Julius Baer Investment Management (USA).
Julius Baer Holding Ltd., whose shares are listed at the SWX Swiss Exchange, is the parent company of the Julius Baer Group. The Julius Baer Group's global presence comprises more than 30 locations in Europe, North America, Latin America and Asia, including Zurich (head office), Buenos Aires, Dubai, Frankfurt, Geneva, Hong Kong, London, Lugano, New York, Singapore and Tokyo. With more than 3 800 employees worldwide, the Group managed assets in excess of CHF 400 billion at the end of June 2007.