abu dhabi\s falcon to hit 1bn assets target by yearend
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Abu Dhabi's Falcon to hit $1bn assets target by year-end

Arab Today, arab today

Arab Today, arab today Abu Dhabi's Falcon to hit $1bn assets target by year-end

Abu Dhabi - Arabstoday

Falcon Private Bank, owned by Abu Dhabi's Aabar Investments, will achieve its target of $1bn assets under management in the UAE by the end of 2011, helped by Gulf investors shifting away from traditional investment hubs, its chief executive said. "People in this region don't go by default to Switzerland any more," Eduardo Leeman, said, speaking on the sidelines of the Abu Dhabi Formula One Grand Prix. "People want to diversify geographically their assets so the default is now Singapore and Dubai." Leeman told Reuters in April that it aimed to achieve $1bn AUM in the United Arab Emirates by the end of the year, a target which the bank would meet "after the race," he added. However, the bank was still waiting to receive an investment advisory licence from the UAE Central Bank, Leeman said. The Zurich-based bank is not one of the four banks under investigation by the Swiss financial regulator FINMA regarding their conduct in relation to the assets of dictators, Leeman added. "We are not part of the four. Everyone has their suspicions but I know it's not me, that's for sure," he said. Falcon was the private banking unit of American International Group (AIG) before Aabar bought it in April 2009.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

abu dhabi\s falcon to hit 1bn assets target by yearend abu dhabi\s falcon to hit 1bn assets target by yearend

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

abu dhabi\s falcon to hit 1bn assets target by yearend abu dhabi\s falcon to hit 1bn assets target by yearend

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday