Santander Private Banking has established a new office in Dubai International Financial Centre (DIFC) which will operate as its first headquarters for the region.
Its team will serve current clients and extend the bank’s range of bespoke wealth management services to the rapidly growing high-net-worth and ultra-high-net-worth communities across Dubai and the region, Santander said in a statement on 23 September.
To formally welcome the bank to DIFC, Arif Amiri, chief executive officer, DIFC Authority, recently met with Alfonso Castillo, global head of Santander Private Banking. Other executives that attended the meeting included Antonio Costa, Chief Executive Officer of Banco Santander International SA, Switzerland; Masroor Batin, Chief Executive Officer Middle East of Banco Santander International SA DIFC Branch, UAE; and Ahmed Al Aulaqi, Vice President, Banks & Capital Markets, DIFC Authority.
Alfonso Castillo, global head of Santander Private Banking, said: “Entering the Middle East aligns with our relentless dedication to providing exceptional financial services, cultivating long-term partnerships, and delivering unparalleled value to our clients. We are delighted to have established our Branch in DIFC, and we look forward to forging trusting partnerships, fostering growth, and achieving remarkable milestones together.”
Salmaan Jaffery, chief business development officer, DIFC Authority, said: “DIFC is delighted to welcome Banco Santander International SA to the Centre. Their status as the number one private bank in Spain and credentials for being relationship focussed, coupled with DIFC’s position as the Middle East, Africa and South Asia’s leading financial centre provides a perfect foundation for accessing opportunities from the USD 8trn of private wealth in the region. We look forward to seeing Banco Santander International achieving their strategic growth goals as a result of operating in DIFC.”
With a 20-year-strong reputation for transparency, effective regulation, and knowledge-building, DIFC said it has earned the trust of 230 banks, including 27 of the top 29 globally systemically important banks (G-SIBs), and more than 400 highly reputable wealth and asset management firms.
In 2023, DIFC launched the first Family Wealth Centre of its kind in the world to advance and grow its thriving ecosystem for global family wealth, and support family businesses as they future-proof their growth ambitions and succession plans.
