NBAD’s Swiss Unit Targets 10 Billion Francs Client Assets
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National Bank of Abu Dhabi PJSC plans to increase the size of its Swiss wealth unit to 10 billion Swiss francs ($10.6 billion) under management over five years, according to Chief Executive Officer Michael Tomalin.
The United Arab Emirates’ second-biggest bank’s Geneva-based unit oversees about 2 billion francs after it started in 2007 to provide wealth-management services for international clients with at least 10 million francs of investable assets, Tomalin told reporters in Geneva.