Swiss private bank Falcon sets up operations in the DIFC | The National:
"Falcon Private Bank, the 50-year-old Swiss business owned by Abu Dhabi’s Aabar Investments, has opened an operation in the Dubai International Financial Centre (DIFC).
Eduardo Leemann, Falcon’s chief executive, said the bank opted for Dubai rather than the Abu Dhabi Global Market (ADGM), the capital’s new financial free zone, specialised private banking, wealth and asset management, because “the DIFC is where the action is in the market". Mr Leeman added: “It is more advanced as a financial centre."
He said that a move to ADGM, or opening office there, was an option in the future."
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