Swiss wealth management expert Falcon Private Bank was recently awarded 'Best Private Bank, UAE' by World Finance, one of the leading international financial publications.

Since opening its first Middle Eastern office in 2009, the bank has earned numerous achievements and accolades, recently announcing its assets under management in the Middle East at over $1 billion, a statement said.

The award selection panel at World Finance used a wide range of criteria to inform the decision on its 2012 awards. Key factors included bank performance, financial ratios, variety and clarity of products and services as well as Corporate Governance, among other factors.

"We are very pleased to have been recognized for our efforts and achievements by World Finance. We continuously strive to offer not only the highest levels of service to our clients, but also the most cutting-edge financial solutions; aiming for nothing but the finest in Swiss private banking," said CEO, Eduardo Leemann.

Zafar Khan, chief executive for the Mena region, added: "It is an honor to have been bestowed this award – to be acknowledged as Best Private Bank in the UAE is quite an achievement, and one that myself and our team are particularly proud of."

This year has been a very successful one to date for Falcon Private Bank, having exceeded its AuM target in the Middle East and having recently been awarded "Most Progressive Private Bank Switzerland 2012" by Global Banking and Finance, renewing its partnership with Formula 1 racing team Scuderia Toro Rosso, and launching the Falcon Menasa Fixed Income Fund, a statement said. – TradeArabia News Service