Ten staff in Dubai are working across the three brands from a new representative office in the Emarat Atrium, Sheikh Zayed Road, Dubai which was officially opened today by H.E. Simon Collis, British Consul General in Dubai, Mr Mac Millington, Managing Director, Wealth Management & Long Term Savings Division, Abbey National plc and Saeed Rashid Al Aabdi, Managing Director of Al Aabdi Travel and Abbey National plc's local sponsor.
"Following the acquisition of Scottish Provident International by Abbey National in August of last year, the bank is keen to ensure that all three subsidiary groups build on collective resources in all areas of the business to aid any further expansion of the group in the Middle East," said Millington.
"This move is also in line with a recent restructuring of Abbey National's Wealth Management and Long Term Savings division, designed to bring areas of expertise together and take advantage of shared resources. This will enable Abbey National to better serve its customers both in the UK and the Middle East."
Abbey National Offshore, the offshore arm of the UK's sixth largest banking group, has built a strong brand presence in the UAE and Middle East offering customers award-winning banking products.
"The combined move offers an enhanced platform from which to further develop our presence and we will continue to offer our customers the highest levels of service, including initiatives such as our Internet Banking Service," said David Siddall, Director - Retail Bank, Abbey National Offshore.
Scottish Mutual International and Scottish Provident International, the life divisions of Abbey National said the move demonstrated the group's commitment to the Middle East.
"The centralising of all Group companies in Dubai will ensure that we can grow our businesses while benefiting from shared infrastructure and resources," said Andy Whyte, Managing Director, Scottish Mutual International and Scottish Provident International.
"The new, single location will enable the experienced Scottish Provident International team to become the sole interface with the broker market for both the Scottish Mutual International and Scottish Provident International brands. The combined, complementary product range will provide our intermediaries with a wide range of investment solutions."
Browse
related articles
Three Abbey National brands unite under one roof in Dubai to focus on expansion
- United Arab Emirates: Monday, September 23 - 2002 at 13:58
- PRESS RELEASE
Related content
Three of Abbey National plc's Dubai-based subsidiaries - Abbey National Offshore, Scottish Mutual International and Scottish Provident International - have relocated to new shared premises in the emirate to focus on expansion.
Article Options
Posted by Anne-Birte Stensgaard, News EditorMonday, September 23 - 2002 at 13:58 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Tue Dec 01 2009.
Notes and Media Contacts »
Scottish Provident International opened its representative offices in Dubai to service the Middle East in 1996, while Abbey National Offshore has had a successful operation in Dubai since 1998, operating under a representative licence from the UAE Central Bank. Scottish Mutual International plc has been operating in the region under Abbey National's licence since November 2000.
Abbey National plc is the UK's sixth largest banking group as measured by assets and the country's second largest mortgage lender. Abbey National plc and its subsidiaries offer a comprehensive range of personal financial services, including savings and investments, mortgages, banking, pensions, unit trusts, live and general insurance products, as well as secured and unsecured lending, to over 16 million customers in the UK. In addition, Abbey National's wholesale banking arm, Abbey National Treasury Services plc, is a leading participant in international financial markets.
Abbey National Offshore is one of the most successful offshore financial institutions and all deposits are fully and unconditionally guaranteed by Abbey National plc. Abbey National Offshore has developed a range of accounts tailored to the particular needs of offshore customers, combining high rates of interest with the advantage of an offshore base. Abbey National Offshore has its headquarters in Jersey, which is widely recognised as one of the best regulated offshore centres in the world. Abbey National Offshore also has offices in the Isle of Man, Gibralter, Portugal, Dubai and Hong Kong.
Scottish Provident International Life Assurance Limited is a wholly-owned subsidiary of Abbey National plc, one of the top six banks in the UK by market capitalisation, whilst the Abbey National Group serves some 16 million customers in the UK and overseas. Operating internationally from its Isle of Man base the company offers a highly acclaimed range of products for thousands of customers worldwide.
Scottish Mutual International plc was launched on March 1, 1996 to capitalise on the growth market in offshore funds. Since then, the company has grown to become a major player in the offshore financial services market, providing both its individual and institutional clients with an innovative range of competitive products. Scottish Mutual International (SMI) is part of the Abbey National Group and, from its base within the International Financial Services Centre in Dublin it offers a wide range of investment solutions for clients worldwide. SMI launched in Dubai in November 2002.
For further information:
Malcolm Corrigan
External Communications Manager
Abbey National Offshore
Tel: ++44 (0) 1534 828010
Mobile: ++44 (0) 7797 728768
Fax: ++44 (0) 1534 885052
Nathalie Visele
Senior Account Manager
MCS/Action FZ LLC
PO Box 20970
Building 8, Offices 407-410
Dubai Media City
Tel.: +971-4-3902960
Direct: +971-4-3902964
Fax: +971-4-3908161
Abbey National plc is the UK's sixth largest banking group as measured by assets and the country's second largest mortgage lender. Abbey National plc and its subsidiaries offer a comprehensive range of personal financial services, including savings and investments, mortgages, banking, pensions, unit trusts, live and general insurance products, as well as secured and unsecured lending, to over 16 million customers in the UK. In addition, Abbey National's wholesale banking arm, Abbey National Treasury Services plc, is a leading participant in international financial markets.
Abbey National Offshore is one of the most successful offshore financial institutions and all deposits are fully and unconditionally guaranteed by Abbey National plc. Abbey National Offshore has developed a range of accounts tailored to the particular needs of offshore customers, combining high rates of interest with the advantage of an offshore base. Abbey National Offshore has its headquarters in Jersey, which is widely recognised as one of the best regulated offshore centres in the world. Abbey National Offshore also has offices in the Isle of Man, Gibralter, Portugal, Dubai and Hong Kong.
Scottish Provident International Life Assurance Limited is a wholly-owned subsidiary of Abbey National plc, one of the top six banks in the UK by market capitalisation, whilst the Abbey National Group serves some 16 million customers in the UK and overseas. Operating internationally from its Isle of Man base the company offers a highly acclaimed range of products for thousands of customers worldwide.
Scottish Mutual International plc was launched on March 1, 1996 to capitalise on the growth market in offshore funds. Since then, the company has grown to become a major player in the offshore financial services market, providing both its individual and institutional clients with an innovative range of competitive products. Scottish Mutual International (SMI) is part of the Abbey National Group and, from its base within the International Financial Services Centre in Dublin it offers a wide range of investment solutions for clients worldwide. SMI launched in Dubai in November 2002.
For further information:
Malcolm Corrigan
External Communications Manager
Abbey National Offshore
Tel: ++44 (0) 1534 828010
Mobile: ++44 (0) 7797 728768
Fax: ++44 (0) 1534 885052
Nathalie Visele
Senior Account Manager
MCS/Action FZ LLC
PO Box 20970
Building 8, Offices 407-410
Dubai Media City
Tel.: +971-4-3902960
Direct: +971-4-3902964
Fax: +971-4-3908161
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
