UBS Opens Advisory Office in Abu Dhabi
Swiss-based UBS has further expanded in the UAE with the launch of a new advisory office in Abu Dhabi.
UBS has opened a new advisory office in the Abu Dhabi Global Market (ADGM), according to a statement, marking the bank’s second presence within the UAE alongside Dubai.
The office is established through a branch of UBS AG, which will advise clients directly from ADGM while assets are booked in Switzerland.
MidEast Wealth Growth
According to a UBS report, personal wealth in the Middle East totals more than $5.7 trillion and the bank has been present in the region for over 60 years.
«With a strengthened presence in the country, we are well positioned to continue driving growth and delivering the full value of our One Bank offering to clients in Abu Dhabi and across the region,» commented Beatriz Martin, president UBS EMEA.
Leading Hub for Global Wealth Management
«We are delighted to welcome UBS to ADGM. Their presence highlights ADGM’s status as a leading hub for global wealth management and family offices,» Arvind Ramamurthy, chief market development officer at ADGM, said.
«ADGM provides an ideal platform for firms such as UBS to connect with regional and international investors, while contributing to Abu Dhabi’s vision as a leading global financial hub,» he added
