Julius Baer has been granted a license by Qatar's financial regulator to open its third Middle East advisory office in Doha.
Zurich-based private bank Julius Baer announced it is expanding its Middle East presence by opening a third advisory office in the region, having been granted a license from the Qatar Financial Center Regulatory Authority. The new entity will do business as Julius Baer (QFC) LLC, commencing regular activities on Monday, October 10.
The announcement was made in Doha during a press conference attended by Julius Baer CEO Philipp Rickenbacher, Régis Burger, global head of the Middle East & Africa, Alireza Valizadeh, CEO, of Julius Baer (Middle East) Ltd., and Slim Bouker, CEO of Julius Baer (QFC) LLC, to inaugurate the new office.
Earlier this year Julius Baer announced its plans to tap the Qatar market, appointing Bouker as CEO of the unit to support the expansion and lead the advisory office once all regulatory approvals are in place.
Third Middle East Office
Julius Baer has maintained a Middle East presence since 2004, covering the region through offices in Dubai, Manama, and now Doha. Its regional coverage is also managed via other hubs including Zurich, Geneva, and London. The firm said it will also support the local community through the arts and education to reduce wealth inequality.
«We see the emergence of a new generation of wealth in Qatar and we aim to use our expertise to the benefit of current and future generations of clients. I am also very pleased to announce our partnership with Qatar Foundation’s education initiative, WISE, which will focus on supporting community impact engagements relating to youth», Bouker said.
