New investment bank launched in UAE

10/05/2011 - Dubai Investment News Posted by Bob Brunskill
New investment bank launched in UAE

United Financial Partners (UFP), a Hong Kong-headquartered parent group, has officially launched a new investment bank in the UAE, ameinfo.com has reported.Named United Investment Bank (UIB), the new investment bank has been established to offer a range of customised services to chosen high net worth individuals (HNWI) and institutional clients.UIB is regulated by the Dubai Financial Services Authority and will fall under the jurisdiction of the Dubai International Financial Centre.The bank expects to attract clients from other emerging markets to invest through the UAE financial system."The cooperation between different time zones is a new trend in the capital markets, particularly after the latest financial crisis," Raul Silva, CEO of UIB, told the news provider.He added: "Emerging markets remain an important investment focus areas, as do developing investment products backed up by tangible assets or based on activities in industries with high potential of growth such as energy, agriculture, mining, entertainment and hospitality."