Exclusive: Swiss private bank Julius Baer bullish about Middle East growth - The National:
"Julius Baer, the third-largest private Swiss bank with more than 388 billion francs ($410bn) of assets under management, said the Middle East outperformed for the wealth manager last year and is likely to continue to show promising growth this year as oil prices rebound from a three-year slump. "The United Arab Emirates and Saudi Arabia hold the most promise in the region this year as the two states boost efforts to diversify their economies," Bernard Hodler, the bank’s chief executive, told The National in an interview. “In the past two years things have gotten better and it has a little to do with higher oil prices and I think the economy here in the UAE has become a bit more stable,” Mr Hodler said."
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