Saturday 23 November 2024
 
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Falcon bank

Falcon eyes more buys after Clariden deal

Falcon Private Bank, the Abu Dhabi-owned entity which bought the London unit of Clariden Leu, is eyeing more acquisitions in the boutique wealth management sector as the industry consolidates to cut costs, a top executive said on Monday.

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Abu Dhabi Falcon bank eyes $1bn AUM target

Falcon Private Bank, owned by Abu Dhabi's Aabar Investments, will achieve its target of $1 billion assets under management in the UAE by the end of 2011, helped by Gulf investors shifting away from traditional investment hubs, its chief execut

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