Sarasin-Alpen receives an advisory license for the Sultanate of Oman
Bank Sarasin has been granted the license to provide advisory services in private banking in the Sultanate of Oman by the country's Capital Market Authority (CMA).
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| Rohit Walia, Executive Vice Chairman CEO of Bank Sarasin-Alpen (ME) Ltd. |
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Oman incorporated Sarasin-Alpen LLC (Oman) is the first Swiss origin private banking presence and activity in Oman. With offices in Muscat, the capital of Oman, Sarasin-Alpen will start business operations with immediate effect. The bank's Oman operations are the fourth in the Gulf Cooperation Council (GCC) states.
The newly granted license allows Sarasin-Alpen LLC (Oman) to provide its complete set of high quality advisory services to individuals & institutions in the country. Sarasin-Alpen LLC (Oman), will leverage the existing Investment Banking business of Alpen Capital LLC (Oman), also regulated by the CMA, further enhancing its complete range of financial services offerings.
Sarasin-Alpen LLC has a dedicated team in place, which is committed to delivering a personalized and a very high standard of services. Its associate, Alpen Capital LLC, has already established an excellent track record in providing investment-banking solutions and has completed several transactions with institutional and corporate clients in Oman.
Oman: Adding value to a great success story
'We are excited to offer our superior quality services to clients in Oman. Our proven track record creating innovative solutions and the combination with Alpen Capital's investment banking solutions shall perfectly match the requirements of our discerning client base in Oman.' comments Rohit Walia, Executive Vice Chairman & CEO of Bank Sarasin-Alpen (ME) Ltd.
'The new license granted by the CMA of Oman, fills us with delight. We regard our presence in the Sultanate of Oman as an essential and pioneering step ahead for our Group' adds Fidelis Goetz, Head of the International Division of Bank Sarasin & Co. Ltd, Switzerland.
'We are proud to be the first Swiss origin Private Bank in Oman. As the 'Best Private Bank of the Middle East' (Banker Middle East award 2008), our new Omani clients will enjoy the best of what Private Banking has to offer,' says Joachim Straehle, CEO Bank Sarasin & Co. Ltd, Switzerland.
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Notes and media contacts
For more information please contact:
Harald Melzer, Vice-President Corporate Communications, Media Relations
Telephone +41 (0)61 277 70 48
T.M.Lakshmanan
Chief Operating Officer, Sarasin - Alpen LLC
Telephone +971 (0) 4 363 4306
Sarasin-Alpen LLC
Located in the financial district of Oman, Sarasin-Alpen LLC is a subsidiary of Bank Sarasin-Alpen, Dubai providing a complete range of advisory services in private banking services. Sarasin - Alpen LLC caters to the requirements of private & institutional clients in the Middle East & South Asia.
Bank Sarasin & Co. Ltd - Responsibly yours
Founded in 1841, Bank Sarasin is today one of Switzerland's leading private banking institutions. Its sustainable success is based on trust, confidentiality, expertise and dedication. Bank Sarasin's core activities include investment advisory and asset management services for private and institutional clients, as well as an investment funds business. Its complementary services extend to corporate finance and financial analysis. The Sarasin Group - headquartered in Basel, Switzerland - employs over 1,100 staff. In addition to its headquarters in Basel, the Bank has offices in Zurich, Geneva and Lugano in Switzerland. Internationally, the Sarasin Group has offices in Bahrain, Dubai, Frankfurt, Guernsey, Hong Kong, La Coruña, London, Madrid, Munich, Muscat, Paris, Qatar and Singapore. Bank Sarasin is a limited company. Its shares are listed on the Swiss Stock Exchange, SWX. Its majority shareholder, Rabobank, enjoys the highest qualification of credit status (triple-A rating) from prominent international rating agencies. Measured by its core capital, Rabobank is one of the world's top 20 financial institutions.
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Posted by Medilyn Manibo, Assistant News EditorTuesday, August 05 - 2008 at 12:29 UAE local time (GMT+4)
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