UBS to Open Abu Dhabi Office as More Clients Move to Mideast

UBS to Open Abu Dhabi Office as More Clients Move to Mideast

UBS Group AG is opening a new office in Abu Dhabi as the European banking giant seeks to capitalize on the flood of wealthy individuals leaving countries like the UK for low-tax cities across the Middle East.

UBS to Open New Office in Abu Dhabi

Swiss wealth management giant UBS will open a new Middle East office in Abu Dhabi. Flows from other locations, like the UK, were cited as a positive driver for the region. UBS is opening a new office in Abu Dhabi, according to a «Bloomberg» report citing Martin Jimenez, the bank’s EMEA president, at the Qatar Economic Forum in Doha. UBS currently also operates in Dubai, Riyadh, Qatar and Bahrain. «The Middle East has definitely been a winner for…

UBS to open Abu Dhabi office as more clients move to Mideast

UBS Group is opening a new office in Abu Dhabi as the European banking giant seeks to capitalise on the flood of wealthy individuals leaving countries like the UK for low-tax cities across the Middle East.