View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 14, 2022

ONE swiss bank opens office in Dubai following Falcon Private Wealth deal

ONE swiss bank has set up an office in Dubai following its acquisition of Switzerland based-Falcon Private Wealth (FPW), which serves clients in the middle east region and abroad.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

The acquisition was first announced by the firm in November 2020.

FPW has been rebranded as ONE swiss private wealth (OSPW) after its transaction was closed on 29 November 2021.

With the new office, OSPW will provide a range of portfolio management and advisory services to high-net-worth (HNW) individuals and their families, family offices and institutional clients in the GCC region.

ONE swiss private wealth CEO Zafar Khan said: “Coming together with ONE enables us to confidently look to the future. We will continue to serve our clients with the same dedication and professionalism, and to offer them the very best services, including access to ONE’s proprietary quantitative management and portfolio insurance services provided since 1993 to top-ranking institutional investors.”

Geneva-headquartered ONE swiss provides asset management and wealth management services to private and institutional clients.

The bank, which has offices in manages around CHF 5bn in assets, has offices in Lugano and Zurich in addition to its Geneva and Dubai offices.

The development comes as ONE swiss seeks to expand its international presence and access evolving markets.

NE swiss bank CEO Grégoire Pennone said: “This local presence brings us closer to our clients in terms of geographical and cultural proximity and help us to provide them with bespoke investment solutions.

“We are one of the few Swiss private banks that offer in-depth knowhow in the regional fixed income and equity market and provide direct access to the UAE stock market and new public offerings in the region with Lombard lending facilities.”

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International