Clariden Leu, a leading Private Bank in Switzerland, today officially opened its asset management company in Dubai to offer wealthy clients local and exclusive private banking services and innovative products.

Clariden Leu's enhanced presence in Dubai shows the importance of the Middle East and represents the ongoing implementation of its growth strategy.

Wealthy clients will benefit from an attractive range of wealth management services, which are state-of-the art and offer a tailor-made investment strategy based on their individual needs, said a top bank official.

'In addition to exclusive private banking services, Clariden Leu will offer a dynamic and innovative product platform which comprises a broad range of investment funds, individual solutions for investment, and structured products,' Hans Nützi, CEO of Clariden Leu noted.

Nützi pointed out that the Middle East was an important growth market for Clariden Leu.

'The opening of our asset management company shows our commitment to the financial centre in Dubai. We are proud to offer our services in this dynamic economic environment,' he added.

Roland Knecht, Head Eastern Europe, Asia & Middle East, said the bank's presence in Dubai will help them boost their local know-how in the Middle East. 'Therefore we can act faster and more personalized in fulfilling the challenging needs of our clients.'

Clariden Leu Asset Management (Dubai), located at Dubai International Financial Centre (DIFC), is headed by Mannan Adenwalla, a veteran in the banking sector.-TradeArabia News Service