The UBS bank has established its second office in the UAE by opening an advisory office in the ADGM, Abu Dhabi.
UBS declared that the new office is part of its strategic vision to extend its business there to an even greater degree in one of the most dynamic and fastest-developing finance and wealth centers of the world.
Abu Dhabi is considered one of the major hubs of investable wealth in the region as it has turned out to be one of the destinations of ultra-high-net-worth individuals, corporates, and investors, including sovereign wealth funds and family offices, to find advanced financial solutions and reliable advisory services in a developing ecosystem in the region.
President of UBS EMEA, Beatriz Martin Jimenez, said, “With a strengthened presence in the country, we are well positioned to continue driving growth and delivering the full value of our One Bank offering to clients in Abu Dhabi and across the region.”
Head of UBS Global Wealth Management EMEA, Christl Novakovic, stated that “The Middle East is a region of extraordinary growth and opportunity. Opening our Advisory Office in ADGM is a testament to our deep-rooted belief in the potential of the region and our unwavering commitment to our clients here.”
Chief of Market Development at ADGM, Arvind Ramamurthy, added that the presence of UBS underscores the fact that ADGM is a top wealth management hub and family office in the world.
