Fairbairn Private Bank achieves UAE authorisation

Fairbairn Private Bank has been granted a representative office licence by the Central Bank of the United Arab Emirates. The bank plans to open an office in Dubai in response to growing demand from clients based in the United Arab Emirates (UAE).

Commenting on the move, Greg Horton, managing director of Fairbairn Private Bank said: "Having closely monitored the region for the past five years, we are now delighted to be granted a licence for the UAE, which forms a natural part of our expansion plans.” 

Research by Fairbairn Private Bank highlights a growing level of sophistication in the region's investment requirements: "Individuals in the region are becoming more demanding in both the level of service and the range of wealth management solutions they require. We feel our offering can fully meet these requirements.”



The licence permits Fairbairn Private Bank to offer local expertise and promote its wealth management services to international expatriates, intermediaries and high net worth individuals throughout the UAE.

A key feature of Fairbairn Private Bank's offering is Focus, a fully integrated banking and investment platform. Aimed at both individuals and professional intermediaries, Focus offers a wide choice of products and services and has few restrictions. There is a high degree of flexibility to create a bespoke account, which can be managed and accessed from one single point, which reduces charges and complexity.

Fairbairn Private Bank recently won Best International Wealth Provider as well as Best International Service Initiative in the Professional Adviser International Fund and Product Awards 2011.

Fairbairn Private Bank is a member of the Old Mutual Group offering offshore banking, asset management and private client services. The bank has offices in the Isle of Man, Jersey and London, plus a representative office in South Africa.

www.fairbairnpb.com