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Article: United Arab Emirates: Emirates NBD seeks private banking growth.
- Article from:
- TendersInfo
- Article date:
- October 28, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mamta03
Emirates NBD ENBD.DU, the largest bank by assets in the United Arab Emirates, said it plans to boost its private banking business, primarily in Singapore.
Private banking globally is in flux, with some key international banks leaving the field as others seek to expand and balance volatile investment banking revenues with the steadier income flows from services to the super rich.
"We will look into leveraging our presence in Singapore ... our focus is on regional clients ... we believe that is our sweet spot at this point in time," Emirates NBD's CFO Sanjay Uppal said at the Reuters Middle East Investment Summit.
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