Monday 20 February 2012

Boutique banks learn to adapt to a much leaner, meaner age - The National

The Rivoli store in Dubai's financial free zone was once where investment bankers splashed their cash.

Business was brisk for everything from Dh30,000 (US$8,170) Omega watches to Dh100,000 Vertu phones.

"They would place their orders before their bonuses came through," recalls the store manager, Ismail Askari, standing in front of a cabinet displaying a Dh13,000 Montblanc special Mahatma Gandhi edition pen. "Now there are not so many of them," adds the five-year veteran of the store.

No comments:

Post a Comment