American Express Bank opens new global wealth management office in Bahrain

Located in Al Moayed Tower, the office will provide a point of contact and service for clients across the Middle East.

A division of American Express Bank Ltd., American Express Global Wealth Management is a boutique banking operation offering a highly personal, customized approach to wealth management.

Mr. Ashraf Issa, Senior Director & Team Leader, American Express Bank, Middle East and Turkey, said it was the combination of Bahrain's heritage as a leading Middle East financial centre and its vision for the future that attracted the firm to the Kingdom.

"Bahrain is an excellent location from which to fulfill our clients' needs throughout the Gulf, as well as grow our presence and profile. This new office joins our offices in Dubai and Beirut, which further secures our ability to provide the highest levels of service to our clients wherever they may be located in the Middle East."

American Express Global Wealth Management is part of American Express Bank Ltd., the international banking subsidiary of American Express Company. With a 157-year history of excellence, American Express Company is a world leader in travelers cheques and pre-paid products and is the largest card issuer in the world. American Express Company has a long history in the Middle East where it has had offices since 1921.

American Express Global Wealth Management has more than $22 billion in global assets under management as of the end of 2006. Its clients benefit from the organization's Global Economics Unit, which offers market views, risk management, global economic forecasts, as well as country risk analysis, covering about 80 countries.