Falcon Private Bank is back on the acquisition trail with the Abu Dhabi-owned institution seeking to invest as much as US$4 billion (Dh14.69bn) to grow its emerging market business.
The lender, which specialises in catering to high net worth individuals, is seeking to expand its reach throughout emerging markets, as governments in developed markets seek to clamp down on private banks and the industry is forced to consolidate.
"We're not relying on organic growth," said David Pinkerton, the bank's chief investment officer.
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