Contact us | +971 4 3635663
Sponsored by   Mudabala
Middle East Business Information
 
Loading Loading ...
Thu, 08 Jan 2009 | 05:47 GMT

Dresdner Bank opens subsidiary in Dubai

Press Release
 
 
20 November 2008
• New offering for private clients

• Cooperation with Bonhams auction house

• Scholarship programme for young artists

Dresdner Bank today officially opens its subsidiary Dresdner Bank (DIFC) Limited in Dubai, thus expanding its presence in the Middle and Near East. The newly established subsidiary in Dubai will in future offer high net worth private clients access to the Dresdner Bank Group's services and products in the area of Private Wealth Management.

In June 2008, Dresdner Bank received its license from the relevant supervisory authority at the Dubai International Financial Centre (DIFC)Dubai International Financial Centre (DIFC)Loading.... The Bank is regulated by Dubai Financial Services Authority (DFSA).

Dresdner Bank has had a representative office for corporate clients and financial institutions in Dubai since 1995. Owing to the high growth rates in Private Wealth Management, the United Arab Emirates are regarded as one of the region's key future markets. Nigel Putt heads the subsidiary in Dubai as Senior Executive Officer. Anton Simonet, Dresdner Bank's Global Head Private Wealth Management holds the position of Chairman. The Bank currently has 10 employees in Dubai.

"Our presence in Dubai will significantly expand our market position in the Near and Middle East. We offer our clients in this region advantages due to our integrated advisory strategy with product and financial solutions from Allianz and Dresdner Bank," said Nigel Putt on the occasion of the opening.

In addition, the Bank gives its clients access to the European capital markets and offers expertise in banking and insurance products. Its offering also comprises two of the Group's own Sharia-compliant investment funds, which were specially launched due to the high demand in the region.

The goal is to establish Dresdner Bank Dubai as a market leader for high net worth clients in the Middle and Near East.

Supporting Nigel in DBDL's office is a first-class team of senior private bankers. Robert Mankelow, Ashraf al-Yamani, Danish Chotani and Hilmar Oschmann bring an unrivalled and complementary skill set to the Dresdner platform.

Dresdner Bank AG manages assets totalling around €130 billion and is ranked second in Germany's Private Banking segment.

Dresdner Bank (DIFC) supports auction by Bonhams

To celebrate the opening of its office in Dubai, Dresdner Bank is supporting Bonhams second Middle East auction of contemporary Arabic, Iranian and Pakistani art, being held at the One & Only Royal Mirage Hotel at 7pm on 24 November 2008. Works by Anish Kapoor, Sohrab Sepehri and prominent Emirati artist Abdul Kadir Al-Rais will be highlights of the auction.

Dresdner Bank has also launched a new international scholarship programme for young artists entitled "FASTEN YOUR SEATBELTS" together with the Dubai Culture & Arts Authority, the City of Frankfurt and the Städel School of Fine Arts in Frankfurt. On 15 November 2008, two up-and-coming artists from the Städel School - Matthias Scholten and Hannes Michanek - moved to Dubai for six months to work on their art projects. In return, two artists from Dubai will have the opportunity to visit Germany in spring 2009.

- Ends -

Dresdner Bank (DIFC) Limited
Dresdner Bank (DIFC) Limited (DBDL) is a subsidiary of Dresdner Bank AG and is part of the bank's private wealth management division. DBDL was incorporated May 2008, and is registered in the Dubai International Financial Centre (DIFC)Dubai International Financial Centre (DIFC)Loading... and regulated by Dubai Financial Services Authority (DFSA). The company specialises in advising on and arranging the distribution of products and services of its sister companies within the Dresdner and Allianz Group to high net worth clients throughout the GCC and MENA region.

Please visit www.dresdner-bank-difc.com for more information.

Dresdner Bank AG is one of Europe's largest banking corporations; Germany's third largest, and has been a wholly-owned subsidiary of Allianz Group since 2001. It has over 1000 branches and is present in over 60 major cities including Frankfurt, London, New York, Tokyo and Singapore. The company's operating divisions are Private & Corporate Clients (personal, private, business, and corporate banking; private wealth management) and Investment Banking (capital markets and global banking).

Bonhams
Bonhams, founded in 1793, is one of the world's oldest and largest auctioneers of fine art and antiques. The present company was formed by the merger in November 2001 of Bonhams & Brooks and Phillips Son and Neale UK. In August 2002, the company acquired Butterfields, the principal firm of auctioneers on the West Coast of America and in August 2003, Goodmans, a leading Australian fine art and antiques auctioneer with salerooms in Sydney, Melbourne and Adelaide, joined the Bonhams Group of Companies.

Today, Bonhams offers more sales than any of its rivals, through two major salerooms in London: New Bond Street, and Knightsbridge, and a further seven throughout the UK. Sales are also held in San Francisco, Los Angeles, New York and Boston in the USA; and Australia, Canada, Dubai, France, Hong Kong, Monaco and Switzerland. Bonhams has a worldwide network of offices and regional representatives in 25 countries offering sales advice and valuation services in 57 specialist areas.

For a full listing of upcoming sales, plus details of Bonhams specialist departments, go to www.bonhams.com

For more information, please contact:
Dresdner Bank (DIFC) Ltd.
Private Wealth Management (Dubai)
Nigel Putt - Senior Executive Officer
Tel.: +971 (0) 4 3594872
Fax: +971 (0) 4 3596226
E-mail: nigel.putt@dresdner-bank.com

Sonja Ohly
Momentum Creative Communications (Dubai)
Tel.: +971 (0)4 390 1630
Email: sonja@momentum.cc

Jade Mamarbachi
Momentum Creative Communications (Dubai)
Tel.: +971 (0)4 390 1630

Renate Christ
Dresdner Bank AG (Frankurt)
Group Communication
Tel.: +49 (0) 174 312 09 48

Martin Halusa
Dresdner Bank AG (Frankurt)
Group Communication
Tel.: +49 (0) 69 263-50750

© Press Release 2008 from Momentum Marketing Communications

 
Share this on:        Delicious         Digg         reddit         Facebook         StumbleUpon
 
 
 
 
Community Comments (0) - Comment on this article
The opinions of the authors expressed herein do not necessarily state or reflect Zawya. Read our Comment Policy.
 
 
 
Loading ...
 
Loading ...
Zawya Comment Policy:
 
  1. Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
    1.1   Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
    1.2   Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
    1.3   Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
    1.4   Be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety.
    1.5   Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
    1.6   Give the impression that they represent Zawya.
    1.7   Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.
  2. The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
  3. Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
  4. By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
 
 
 
Community Buzz

Stories

Companies

Most viewed companies by Community in the last 24 hrs
Company Name Country Industry
Qatari Diar Real Estate Investment Company Qatar Landlords and Developers
Dynasty Al Zarooni Real Estate UAE Agents and Brokers
Mubadala Development Company UAE Investment Firms and Funds
Investment Corporation of Dubai UAE Investment Banking
Nakheel UAE Landlords and Developers
Qatar Investment Authority Qatar Investment Firms and Funds
Emaar Properties UAE Landlords and Developers
Emaar the Economic City Saudi Arabia Landlords and Developers
Abu Dhabi Investment Council UAE Investment Firms and Funds
Noor Islamic Bank UAE Banking
 

Projects

Most viewed projects by Community in the last 24 hrs
Project Name Country Sector
Ras Tanura Integrated Refinery and Petrochemicals Complex Saudi Arabia Oil and Gas
Fujairah 2 IWPP UAE Power and Water
KNPC - Al Zour Refinery Kuwait Oil and Gas
QP - Al Shaheen Refinery Qatar Oil and Gas
WDEPC - Abu Qir Power Plant Expansion - Civil Works Egypt Power and Water
Qatalum Aluminum Smelter Qatar Industry
Qatar Foundation - Sidra Hospital Qatar Real Estate
Dubai RTA - Dubai Metro - Purple Line UAE Infrastructure
ADCO - SAS Field Development UAE Oil and Gas
Saadiyat Island Development - Saadiyat Resort and Beach Residences (Phase 1) UAE Real Estate
 

Blogs

 
 

 
 
 
 
 
Quote data provided by © TickerChart
Site is optimised for viewing at 1024 x 768 with Internet Explorer v6 and Firefox v1.5 and above.
Copyright © 2009 ABQ Zawya Ltd. All rights reserved. Please read our Membership Agreement