Bank Sarasin has opened a representative
office in Abu Dhabi through its subsidiary Bank Sarasin-Alpen, its
seventh office in the Middle East and India.

The Central Bank of the United Arab Emirate
(UAE) has approved the new entity, Bank Sarasin-Alpen (ME) Abu
Dhabi, which joins the Dubai office to become the second Middle
East office in the UAE.

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Great potential

Bank Sarasin head of private banking, Fidelis
Goetz, said the group sees great potential in the opportunities
provided by Gulf markets.

Sarasin-Alpen also re-launched advisory
services in Bahrain in August 2010, a year after it cut short a
separate venture in the Gulf state.

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Bank Sarasin had reported assets under
management in the Middle East and Asia of CHF15bn ($14.5bn) in the
half year to 30 June 201.

The Abu Dhabi move joins Sarasin-Alpen offices
in Doha, Muscat, Mumbai and New Delhi within the Middle East and
India regions.