FGB, a UAE-based bank has opened a new representative office in Seoul, South Korea in move to expand its presence in the Asia Pacific region.
The new office opening comes as part of the firm’s global expansion strategy.
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The Seoul office will support existing FGB client operations including Korea as well as will deliver services to Korean investors and companies that are active in the UAE, GCC and across Asia.
The new representative office will be headed by Woojin Han, who has joined FGB from ING where he worked as Director & Head FI Korea and Mongolia. Han has also worked at ANZ, HSBC and Citi banks.
The office will boost the firm’s relationships with the local market and will assist clients with their operations domestically and internationally.
Andre Sayegh, CEO of FGB said: "Our recent rebrand signifies FGB’s aspirations to position the bank for long-term success locally and globally, and we are taking active steps to achieve this ambition, by establishing the first UAE based bank in South Korea."
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By GlobalDataSimon Penney, head of wholesale banking group, FGB, said: "The establishment of the new representative office is a significant step to boost our operations in the region. Initially the focus of operation will be on financing, treasury and trade support. FGB will also extend its services to its existing clientele base through the office by leveraging relationships and creating new business partnerships."
FGB, which currently has offices in Singapore and Hong Kong, was named as the Best Wealth Management Firm at the Banker Middle East Industry Awards 2014.
