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BHF-Bank Expands In Gulf Region

The bank's core businesses in the region include traditional private banking and asset management

BHF-Bank, the Germany-based private bank, is opening a new branch office in Geneva on 1 October, in particular with a view to meeting the requirements of Arabian clients – reported AME Info. As a result, BHF-Bank’s Abu Dhabi and Geneva offices, which already cooperate closely for the benefit of Arabian clients, are expected to further expand their services.

BHF-Bank’s clients in the Gulf region include highly wealthy entrepreneurial families operating on an international scale as well as selected institutional investors. Reportedly, as part of its developing business in the Gulf region, BHF-Bank entered into a strategic partnership with Invest AD – the Abu Dhabi Investment Company – in February 2009. As a first step, Invest AD offered its regional expertise in a sub-advisory role to the FT Emerging Arabia fund of the Frankfurt-Trust, a subsidiary of BHF-Bank.

Björn Robens, chairman of the board of directors of BHF-Bank (Switzerland) and member of the board of managing directors of the German BHF-Bank responsible for private banking & asset management, said: “Going to Abu Dhabi was a very forward-looking decision for our bank. Abu Dhabi has proven to be the optimum location for opening up business potential in the strong economies of the Gulf Cooperation Council. In spite of the financial crisis, we have been able to acquire a large number of new clients and thus generate high inflows of net new assets.”