Anglo Irish Bank (I.O.M.) P.L.C, one of the leading global financial services providers, today announced that it has been granted an operating license in the UAE. The representative office banking license will take immediate effect, and it will allow the bank to offer its customers banking and wealth management services.
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| Anglo Irish Bank. |
Commenting on its plans for the Middle East, Mr. Steve Corrin, General Manager, Middle East Operations, Anglo Irish Bank, said: "The banking sector in the UAE remains strong and is bolstered by effective supervision. Strengthening our presence in Dubai is a core element of our strategy in the region and this license will enable us to significantly expand the range of services that we can offer."
Providing both bank and trust company services to its clients gives Anglo a unique position in the market. Their diverse wealth management product and service range includes highly competitive interest rates on deposit accounts, tailored investment plans, estate planning and international pension provision.
Expanding on the bank's intention to provide corporate and individual pension schemes, Corrin added: "We have provided corporate pension provision for a number of high profile businesses in the UAE for some time and we are experiencing an increase in demand. In today's volatile and an increasingly competitive labor market, retirement planning has become one of the key tools to attract and retain mobile professionals around the world."
"For individuals, particularly those who are working abroad and especially those who have high incomes, a flexible and secure pension plan can maximize options when planning for retirement," continued Corrin.
With its extensive global network, Anglo Irish has emerged in recent years as one of Europe's best performing financial institutions. Anglo Irish has won recognition and praise for its range of banking products from internationally renowned magazines including ExpatNetwork Nexus Magazine, Portfolio International, MoneyFacts and Investment International.
Anglo Irish Bank Corporation (I.O.M.) P.L.C. is licensed by the Isle of Man Financial Supervision Commission to conduct Banking and Investment business.
