ABU DHABI, December 14, 2021 (WAM) – Abu Dhabi Global Market (ADGM), Abu Dhabi’s premier international financial center (IFC), is pleased to welcome Neue Privat Bank (NPB) AG, one of largest -based investment banks, to its vibrant and thriving business and financial community on Al Maryah Island.
This is the first international office of NPB and the first headquarters in the Gulf since its establishment in 2001. The launch of NPB Middle East (ME) was celebrated at the ADGM premises in the presence of Hareb Al Darmaki, president of NPB (ME), Prof. Dr. Markus Ruffner, CEO of NPB Group and Co-Founder of NBP AG, Hamad Al Mazrouei, COO of ADGM, Senior Financial Executives and Customers.
As an international financial center (IFC) and global business facilitator, ADGM has been recognized as a strategic link between the economies of the East and the West, providing the ideal business location and an advantageous time zone for businesses. companies, financial institutions, entrepreneurs and investors to access high growth opportunities and achieve their business goals.
Commenting on the launch of NPB’s Middle East office, Juma Al Hameli, Director of Strategy and Business Development, ADGM, said: âWe welcome Neue Privat Bank to the growing family of financial institutions and investment firms from ADGM. Preferred IFC, ADGM looks forward to supporting the bank in its global growth strategies and serving as NPB’s GCC hub for business and financial services and customer service activities.
ADGM has long established a competitive niche by being one of the most attractive, accessible and innovative centers offering unique financial solutions and world-class investment services. The launch of NPB further strengthens the strategic advantage of Abu Dhabi and ADGM as a leading global investment center and financial ecosystem. ADGM will continue to expand its financial services offerings and business platform to strengthen the principles of the UAE’s 50 plans and advance the country’s sustainable growth and economic stability. ”
Peter Albinsson, Head Private Banking International / UHNWI and Member of the Board of Directors of NPB, said: âNPB looks forward to bringing its experience and expertise to the United Arab Emirates, the second largest Arab economy, which is becoming a market increasingly attractive to private wealth. We are excited to anchor our first base in the Middle East and Africa with ADGM, as this will serve as a strategic hub for NPB to effectively meet the changing needs of our customers in the UAE and across the region. A proven track record of driving innovative and impactful developments will help us achieve our growth goals for the region. ”
NPB Middle East is a joint venture between the Swiss private banking group, NPB Neue Privat Bank AG, and Almha, an investment company.
As the premier financial ecosystem, ADGM is home to more than 3,700 registered entities, including some of the region’s and world’s financial institutions – banks, investment firms, fund management firms, treasury centers, corporations, energy companies, corporations. technology, technological start-ups. , business and professional services and other businesses.