Julius Baer, Switzerland’s leading dedicated wealth manager, has opened a representative office in Abu Dhabi to woo more investments.

“This step will help expand Julius Baer’s business in this dynamic growth market and demonstrates its commitment to the region,” the bank said in a statement.

The new representative office, Peter Traber, 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.

“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,” said Julius Baer Chief Executive Officer Alex W Widmer.

“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,” said Thomas R Meier, the bank’s CEO for Middle East, Asia and Eastern Europe.

Julius Baer was the first international private bank licensed to operate in the Dubai International Financial Centre in 2004. – TradeArabia News Service