ADCB partners with Schroders

Tuesday, 02 March 2010

Ala

Abu Dhabi Commercial Bank (ADCB) and Schroder & Co Bank AG (Schroders) have formed an alliance to offer private banking and wealth management services to UAE clients out of Switzerland.

High net worth customers of ADCB will have access to Schroders’ established private banking infrastructure, while Schroders will gain access to a market with one of the highest concentrations of wealthy individuals in the world.

"From its operation in Switzerland, we will also be able to offer our clients access to Schroders’ private banking centres in Singapore and London in due course. We believe this will further enhance the attractiveness of our total private banking offering to the widest possible audience,” said Ala'a Eraiqat, CEO of ADCB.

In developing and structuring the private banking partnership, ADCB was advised by Lansdowne Capital.