Swiss headquartered REYL Group is setting up a new affiliate at the Dubai International Financial Centre, so as to target Middle East and East African entrepreneurs.
REYL Finance (MEA) Ltd, 80% owned by REYL & Cie, is licensed by the Dubai Financial Services Authority to carry out asset management and corporate advisory activities as well as to arrange custody of clients’ accounts in its books.
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The company will provide entrepreneurs with banking services for both their personal wealth and their businesses. The initial team will be comprised of 10 staff, managed by Pasha Bakhtiar. Bakhtiar has been active in banking in the Dubai region for over a decade.
"Dubai is within an 8-hour flight for two-thirds of the worlds’ population and attracts businesses and people from all sectors of the global economy; it is a city of constant innovation, which has now a track record of success and strong growth. So it is only natural for REYL & Cie, an innovative growing bank, to offer its services and solutions from Dubai.
"Our Wealth Management service offering is highly personalized and attractive, but what truly sets us apart from the competition is our ability to weld both the corporate and the private needs of cross-border entrepreneurs active in the region and deliver solid, well thought-out, bespoke solutions." Bakhtiar says.
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