Merrill Lynch Bank (Suisse) S.A (MLBS) has been awarded a licence by the Dubai Financial Services Authority (DFSA) to operate from the Duba...

Merrill Lynch Bank (Suisse) S.A (MLBS) has been awarded a licence by the Dubai Financial Services Authority (DFSA) to operate from the Dubai International Financial Centre (DIFC). Commenting on the awarding of the licence by the DFSA, Bruno Daher, Managing Director & Market Executive for the Middle East at Merrill, said: “We have been active in this region for over forty years and are thus able to provide our clients with an unparalleled degree of knowledge and understanding, combining an international outlook and expertise with local sensitivity. “This new branch of MLBS gives us the opportunity to expand our presence in Dubai and allows us to have a new service in the region. Through our financial advisors, we will provide a wide range of Swiss banking services to Middle East high net worth investors, which enables them to access the extensive product and service range of MLBS in Geneva through a discretionary or advisory relationship."