Abu Dhabi Commercial Bank (ADCB ) has rolled out a new private banking proposition to offer banking and wealth management solutions for high-net-worth customers.
Known as ADCB Private, the new offering provides tailored financial solutions to high-net-worth customers such as wealth strategies, asset management, and succession planning solutions.
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The proposition also offers tailored lending solutions and lifestyle privileges, as well as proactive personal service.
Clients of ADCB Private will be assisted by a dedicated client relationship manager in the UAE, who alongside expert advisors, will support the customer in implementing financial strategies.
ADCB Private clients will also have access to the bank’s offshore banking facilities in Jersey, access to ADCB Private Concierge by Quintessentially Lifestyle, and will receive the ADCB Private World Elite MasterCard.
The bank has named Mark Peters to lead ADCB Private in the role of new head of private clients and wealth management. In a 25-year financial career, Peters worked with various organisations including Goldman Sachs, Citigroup Private Bank, Jefferies, Credit Suisse First Boston and Deutsche Bank.
ADCB CEO Ala’a Eraiqat said: "Our new private banking propostion is a natural consequence of the insights we have gained through listening to our clients: the bank is now able to deliver internationally sophisticated wealth strategies and banking solutions at a local level. Through innovation and tailored wealth offerings, " ADCB Private" will support Abu Dhabi as it becomes the ‘New Capital of Capital’."
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By GlobalData
