Times of Oman | News :: Sarasin Alpen plans to wind up Oman operation by month-end:
"Sarasin Alpen, the Oman arm of Swiss private bank, is planning to wind up operations in the Sultanate by the end of this month. Although the reason for downing shutters is not known, informed sources indicate that it could be due to a global restructuring plan, after the bank was taken over by Safra Group — another Swiss private banking group. However, a top-level official of Sarasin Alpen in Oman declined to comment, saying that only the private bank's head office spokesperson can comment on the issue.
Sarasin Alpen, which has been operating in Oman with a licence from Capital Market Authority (CMA), offers private banking services for high net worth individuals and institutions.
The bank offers investment advisory services, wealth management and trust services and active advisory portfolios.
Sarasin Alpen has around five employees, sources said."
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