Credit Suisse has opened a new Bahrain branch, located at the World Trade Centre in Manama and appointed Khaled Salah as head of Credit Suisse Bahrain.
Credit Suisse Bahrain will focus on serving wealthy individuals, families and corporations, who are increasingly demanding a sophisticated approach in terms of asset allocation, as well as seeking access to a global platform for specialized financial services and products.
Credit Suisse was granted an investment firm license by the Central Bank of Bahrain (CBB) in September 2008.
Bruno Daher, co-CEO of Credit Suisse in the Middle East, said: “The opening of our office in Bahrain clearly reflects our commitment to long-standing client relationships in the country. We are pleased to have Mr Salah on board to head our local operations.”
Bassam Yammine, Co-CEO of Credit Suisse in the Middle East, said: “The Bahrain office complements our existing operations in the Middle East and strengthens our integrated banking franchise across the region.”
Mr Salah said: “Bahrain is a fast growing market in the Middle East. Credit Suisse’s global banking expertise coupled with local knowledge allows us to deliver a unique offering to our clients who have increasingly sophisticated needs.”