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Swiss Bank Targets Middle East With Alternative Investments

by Lorys Charalambous, Tax-News.com, Cyprus

23 May 2002

At the 8th annual Arab Investment and Capital Markets Conference in Beirut yesterday, Geneva-based financial group SYZ & CO announced the launch of a Middle East initiative to market alternative investment to satisfy what the bank says is rapidly increasing demand since the events of September 11th last year. SYZ & CO will aim its efforts at key investment decision-makers across the region, private family offices, banks, institutions, pension funds and IFA firms.

SYZ & CO has appointed Ibrahim A. Mardam-Bey as Senior Representative for the Middle East, who will initially target institutional clients in Saudi Arabia, UAE, Bahrain, Kuwait, Qatar and Lebanon. SYZ & CO will develop tailor-made solutions for regional and second tier banks looking to provide alternative investment products to their clients but lacking the resources to develop these products themselves.

The group is also considering the establishment of a regional presence that would provide marketing, training and sales support base for the group in the increasingly important and rapidly developing Middle East region.

SYZ & CO has offices in Geneva, Lugano, Locarno, Barcelona, Salzburg, London and Nassau (Bahamas).

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