Dresdner Bank sets up in Dubai

20/11/2008 - Dubai Investment News
Dresdner Bank sets up in Dubai
An official subsidiary of Dresdner Bank has been opened in Dubai today, November 20th.

The bank already has a representative office in the emirate, but the lender is keen to strengthen its position in the region.

Nigel Putt, head of the Dresdner Bank Dubai subsidiary, said: "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."

The bank will be supporting a Bonhams auction in the Royal Mirage Hotel on November 24th to celebrate the new opening.

It will feature a range of contemporary Arabic, Iranian and Pakistani art.

The bank, which currently has just ten employees, will be regulated by the Dubai Financial Services Authority. It has had corporate clients and an office in Dubai since 1995.