Ansbacher launches Mid East office at DIFCPress Release07 Dec 2004 01:58 pm
Ansbacher & Co Limited, the London based bank has launched its first Middle East office in Dubai following the receipt of a licence to operate from within the Dubai International Financial Centre (DIFC) from the Dubai Financial Services Authority (DFSA). Ansbacher Group was recently acquired by Qatar National Bank (QNB).
This announcement comes just one day after the announcement that Franklin Templeton Investments has been granted a licence by the DFSA.
Commenting on the granting of the licence, DIFC Director General Dr. Omar Bin Sulaiman said:
“In launching its first Gulf office at the DIFC, Ansbacher joins many of the biggest names in global finance in confirming the impact the DIFC will have on the world’s capital markets.”
Hugh Titcomb, Managing Director of Ansbacher & Co, said,
“A strong presence in the Middle East enables us to focus our service offering to clients in the region particularly on succession planning, fiduciary services, investment management and banking.
This is an important step for us, supported by our new parent QNB, and is the first of several likely developments by Ansbacher in the region enabling us to not only grow our presence but also offer unrivalled services to private and institutional clients looking for wealth and investment management solutions.”
Salman Ahmed, Regional Managing Director of Ansbacher Middle East, said,
“Much of our work will be bespoke in nature arising from our clients’ desire for unique solutions. For this reason, we have specialist fiduciary and other private client service professionals based full time in the region. These resident professionals will work closely with their counterparts in other jurisdictions including the UK, Channel Islands, Switzerland, Cayman Islands and the Bahamas to provide a seamless high quality service to our clients.”