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ONE swiss bank sets up Dubai office

Move follows acquisition of Falcon Private Wealth


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 beyond.

FPW has been rebranded as ONE swiss private wealth (OSPW). With the new office in the Dubai International Financial Center (DIFC), OSPW will provide a range of portfolio management and advisory services to high-net-worth individuals and their families, family offices, and institutional clients in the Gulf Cooperation Council region.

Geneva-headquartered ONE swiss bank provides asset management and wealth management services to private and institutional clients. The bank, which manages around CHF 5 billion in assets, has offices in Lugano and Zurich in addition to its Geneva and Dubai offices.

The new Dubai office is expected to bring the bank closer to its clients in terms of geographical and cultural proximity. With its know-how of the regional fixed income and equity market, ONE swiss bank plans to provide direct access to the UAE stock market and new public offerings in the region with Lombard lending facilities.

ONE swiss bank is the result of a merger between Banque Profil de Gestion and One Swiss Bank that took place in June 2021.