Posted on : Wed, 11 Nov 2009

Doha, 11 November 2009 – Qatar National Bank (QNB) announced the launch of QNB Banque Privée (Suisse), the full private banking subsidiary of the QNB Group in Switzerland. QNB Banque Privée (Suisse) is incorporated in Geneva, Switzerland, and received its license from the Swiss regulator recently.

This establishment in Switzerland makes QNB Group one of only a handful of GCC financial institutions to establish operations in Switzerland. It is also an extension of QNB Group existing private banking services in Europe which are currently offered through QNB branches in London and Paris.

Alongside London and Paris, where QNB already has branches, Geneva is one of the world's most important financial hubs and is generally recognized as the center of excellence in Private Banking.

Led by a team of seasoned bankers with many decades of experience between them, QNB Banque Privée (Suisse) will provide further market capabilities to QNB's longstanding Qatari customers looking to expand their investments internationally, as well as cater to the needs of high-net-worth individuals in the countries in which QNB has operations through its branch network, affiliates and subsidiaries.

The services offered are underpinned by the fundamentals of confidentiality, trust and convenience, and reinforce the ability of QNB Group to build long-term relationships with all its customers.

QNB Banque Privée (Suisse) also enjoys a very close relationship with QNB Private, the private banking arm of the QNB Group in Qatar. Thanks to this close relationship, clients now have access to the unique combination of both international expertise and solutions, and a local banking relationship. From every day banking needs to investment and wealth management advice and solutions, QNB offers a broad range of innovative banking services tailored to suit the lifestyles of its customers.