Bank Sarasin has been granted the license to provide advisory services in private banking in the Sultanate of Oman by the country’s Capital Market Authority (CMA).

Oman incorporated Sarasin-Alpen (Oman) is the first Swiss-origin private banking presence and activity in Oman with offices in Muscat.

The bank’s Oman operations are the fourth in the Gulf Cooperation Council (GCC) states.

The newly granted license allows Sarasin-Alpen (Oman) to provide its complete set of high quality advisory services to individuals & institutions in the country.

Sarasin-Alpen (Oman) will leverage the existing investment banking business of Alpen Capital (Oman), also regulated by the CMA, further enhancing its complete range of financial services offerings.

Its associate, Alpen Capital, has already established an excellent track record in providing investment-banking solutions and has completed several transactions with institutional and corporate clients in Oman.

’Our proven track record creating innovative solutions and the combination with Alpen Capital’s investment banking solutions shall perfectly match the requirements of our discerning client base in Oman,’ said Rohit Walia, executive vice chairman & CEO of Bank Sarasin-Alpen.

’We regard our presence in the Sultanate of Oman as an essential and pioneering step ahead for our Group,’ said Fidelis Goetz, head of the international division of Bank Sarasin & Co, Switzerland.
 
’As the ’Best Private Bank of the Middle East’ (Banker Middle East award 2008), our new Omani clients will enjoy the best of what Private Banking has to offer,’ said Joachim Straehle, CEO, Bank Sarasin & Co, Switzerland. - TradeArabia News service