Photo Credit : WAM
Arab Bank Switzerland has officially launched its new regional entity, ABS (Middle East) Limited, in Dubai International Financial Centre, marking a major step in its long-term expansion strategy across the Middle East.
The Geneva-based private banking group said the new office strengthens its presence in the UAE and positions it closer to entrepreneurs, family offices, and high-net-worth individuals across the region, a client base it has served since the 1960s.
The move also highlights the UAE’s growing appeal as a global financial hub. Mohammad Abdulrahman Alhawi said the expansion reflects the country’s ability to attract leading international financial institutions seeking long-term growth opportunities. He added that the launch further strengthens the UAE’s wealth management and cross-border investment ecosystem.
Arif Amiri welcomed the bank’s entry into DIFC, noting that its Swiss private banking heritage and regional relationships will add depth to the centre’s expanding wealth and asset management sector. DIFC currently hosts more than 290 banks and financial institutions.
Wahbe Tamari said the UAE will play a central role in the bank’s future wealth management strategy, describing the new platform as a foundation for long-term growth supported by strong governance and experienced leadership.
As part of its regional buildout, Samir Atitallah has been appointed Chief Executive Officer of ABS (Middle East) Limited, tasked with leading the bank’s strategic development in the region.
The bank also named Michel Sarfati as Head of Family Offices, bringing experience from First Abu Dhabi Bank where he led family office initiatives.
