DIFC ideal platform to reach out into the region, says Fortis chiefPress Release 20 May 2006 11:06 am
Dr Omar Bin Sulaiman and Rob Ten Heggeler discuss regional strategy
The Chief Executive Officer of Fortis Private Banking, Mr. Rob Ten Heggeler recently met with Dr. Omar Bin Sulaiman, Director General of Dubai International Financial Centre Authority and discussed future plans and strategies for the DIFC and Fortis Private Banking operations in the region.
Fortis opened its office at the DIFC in September 2005. It caters to an extensive customer base which includes private clients, corporations and institutional investors. The Group, which is spread over 50 countries, offers a comprehensive range of products and services through its own distribution channels via intermediaries and strategic partners.
Dr. Omar Bin Sulaiman, Director General of the DIFC Authority, commented:
“I am pleased to welcome Mr. Rob Ten Heggeler to Dubai International Financial Centre. Fortis ranks among the twenty largest financial institutions in Europe and their decision to operate out of DIFC is a clear endorsement of their belief in a region that is growing fast and offers tremendous potential. DIFC aims to fuel economic growth in the region and the UAE.”
Mr. Rob Ten Heggler, CEO for Fortis Private Bank said: “We are pleased to execute our Private Banking Strategy for the region through the DIFC platform. The professional working environment and dynamic approach in DIFC is commendable. Going forward we hope to deploy more resources and energy to strengthen the presence of Fortis in the region.”
Mr. Mubashir Ahmed Sheikh, Managing Director for Fortis’ regional private banking operation, said: “Fortis Private Bank is participating in the ever-growing Dubai economy by providing innovative investment financial solutions for HNW and UHNW individuals. A recent example is the launch of The Arabia Fund, which is the world’s first fund of funds focusing on the GCC countries. This is a unique opportunity to invest based on the collective wisdom of several experts in the GCC regional markets and offers investors an intelligent way to profit from the region’s growth in a risk-diversified manner. Fortis Bank is committed to deliver innovative investment solutions and service excellence to the clients in the region through its DIFC platform.”