Bank of Sharjah celebrates cooperation agreement with Commerzbank
- United Arab Emirates: Monday, October 08 - 2012 at 14:34
- PRESS RELEASE
Bank of Sharjah P.S.C. hosted a cocktail reception on the 6th of October 2012 to celebrate the official launch of the cooperation in private banking and wealth management with Commerzbank International S.A., one of Europe's leading financial institutions.
In light of the launch, Bank of Sharjah initiated dedicated, state-of-the-art premises in the Control Tower at Motor City Dubai, a building designed by the dynamic, award-winning architect, Dame Zaha Hadid.
Signed by Mr. Varouj Nerguizian, Executive Board Member and General Manager, Bank of Sharjah, and by Mr. Falk Fischer, CEO of Commerzbank International S.A. - Luxembourg, the agreement stipulates that Bank of Sharjah clients will have access to Commerzbank's extensive experience, range of products, and investment solutions. The PBWM division at Bank of Sharjah will be supported by Commerzbank through their Luxembourg subsidiary which specializes in managing wealth, precious metals and in the structuring of assets.
Mr. Nerguizian commented that the establishment of the new division is in line with the bank's strategy to expand and diversify the reach and quality of its financial services in order to maintain its growth momentum.
Chairman Mr. Al Noman expressed the satisfaction of the board with this important initiative that marks a new qualitative jump in the financial services offered by the bank.
He further highlighted that the PBWM division will serve UAE clientele with direct access, through the Bank of Sharjah network, to one of the world's major financial institutions to benefit from their product portfolio, expertise, and technical know-how in the acquisition and preservation of wealth.
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 / 4C. AME Info FZ LLC / 4C 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.