Abu Dhabi, United Arab Emirates: Abu Dhabi Global Market (ADGM), the marquee international financial centre (IFC) in Abu Dhabi, is pleased to welcome, Neue Privat Bank (NPB) AG, one of the largest Swiss-based investment banks, to its vibrant and thriving business and financial community on Al Maryah Island.  This is NPB’s first international office and first Gulf headquarter since its establishment in 2001. The launch of NPB Middle East (ME) was celebrated at ADGM’s premise in the presence of H.E Hareb Al Darmaki, Chairman of NPB (ME), Prof. Dr. Markus Ruffner, NPB Group CEO and Co-founder of NBP AG, Hamad Al Mazrouei, Chief Operating Officer of ADGM, key financial leaders and clients.

As an international financial centre (IFC) and global business enabler, ADGM has been recognised as a strategic nexus of the East and West economies, providing the ideal business location and advantageous timezone for companies, financial institutions, entrepreneurs and investors to access high-growth opportunities and achieve their business goals. 

Commenting on the launch of NPB Middle East office, Juma Al Hameli, Chief Strategy & Business Development Officer, ADGM, said: “We welcome Neue Privat Bank to the ADGM’s expanding family of financial institutions and investment firms.  As NPB’s business partner of choice and preferred IFC, ADGM looks forward to supporting the bank in its global growth strategies and serving as NPB’s GCC hub for business and financial services and client servicing activities.

ADGM has long established a competitive niche in being one of the most attractive, accessible and innovative centres that offers unique financial solutions and world-class investment services.  The launch of NPB further reinforces Abu Dhabi and ADGM’s strategic advantage as a global investment hub and cutting-edge financial ecosystem. ADGM will continue to expand its financial services offerings and business platform to bolster the UAE’s Principles of the 50 plans and advance the country’s sustainable growth and economic stability.”

Peter Albinsson, Head Private Banking International /UHNWI and Member of the Executive Board, NPB, said: “NPB looks forward to bringing our experience and expertise to the UAE, the second largest Arab economy, which is becoming an increasingly attractive market for private wealth management. We are pleased to anchor our first Middle East and Africa base with ADGM as this will serve as a strategic hub for NPB to cater effectively to the evolving needs of our customers in the UAE and across the region.  ADGM’s world-class platform and proven track record in driving innovative and impactful developments will support us in meeting our growth objectives for the region.”

NPB Middle East is a joint venture between the Swiss private banking group, NPB Neue Privat Bank AG,and Almha, an investment company. 

As the leading financial ecosystem, ADGM is home to more than 3700 registered entities, comprising some of the region’s and world’s financial institutions - banks, investment firms, fund management companies, treasury centres, corporations, energy companies, technology firms, tech start-ups, corporate and professional services and other businesses.

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About Abu Dhabi Global Market (ADGM)

Abu Dhabi Global Market (ADGM), an international financial centre (IFC) located in the capital city of the United Arab Emirates, opened for business on 21 October 2015. Established by a UAE Federal Decree as a broad-based financial centre, ADGM augments Abu Dhabi’s position as a global trade and business hub serving as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.

ADGM’s strategy is anchored by Abu Dhabi’s key strengths spanning over private banking, wealth management, asset management, derivatives and commodities trading, financial innovation, sustainability and more. Comprising four independent authorities: ADGM Authority, ADGM Courts, the Financial Services Regulatory Authority and the Registration Authority, ADGM as an IFC governs the entire 114 hectares (1.14sqkm) of Al Maryah Island which is a designated financial free zone.

It enables registered financial and non-financial institutions, companies and entities to operate, innovate and succeed within an international regulatory framework based on common law. Since its inception, ADGM has been awarded the “Financial Centre of the Year (MENA)” for four consecutive years for its initiatives and contributions to the financial and capital markets industry in the region.*

For more details on ADGM, please visit www.adgm.com  or follow us on Twitter and Instagram: @adglobalmarket and LinkedIn: @Abu Dhabi Global Market (ADGM)

* Source: The Global Investor Middle East and North Africa (MENA) Awards

For enquiries: media@adgm.com  

About Neue Privat Bank AG

NPB Neue Privat Bank AG was founded in 2001 as a pure asset management bank by four managing partners and a small group of private Swiss investors. It is an autonomous and independent Swiss private bank based solely in Zurich. NPB is a member of the Swiss Bankers Association.

For enquiries:
Peter Albinsson
palbinsson@npb-bank.ch
+41 44 265 11 88 1 96

Amrtiaanshu Agrawal
aargawal@npb-bank.ch
+971 56 696 7806

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