Dr Habib Al Mulla, Chairman, Dubai Financial Services Authority (DFSA), met a delegation from Bank Sarasin led by Dr. Heinz D. Zimmer, Chairman, Bank Sarasin - Alpen (ME) Limited. They discussed matters of mutual interest to improve cooperation between the DFSA and the bank.
Rohit Walia, CEO & Managing Director, Bank Sarasin-Alpen (ME) Limited, Dubai, Franz K. Von Meyenburg, Partner, Bank Sarasin & Cie AG, Zurich; and Hans Kurmann, Advisor-Executive Board, Alpen Capital Corporation, Dubai accompanied Dr. Zimmer, Dr Habib Al Mulla, Jane Coakley, Managing Director, Authorization; and Graham Langley, Director, Supervision represented DFSA.
Bank Sarasin is one of Switzerland’s leading private banking institutions. Its core activities include investment advisory and asset management service for private and institutional clients, as well as an investment funds business. The DFSA licensed Bank Sarasin as an authorised firm in the DIFC on February 27, 2005.
About DFSA: Dubai Financial Services Authority (DFSA) is an independent and integrated regulator of all financial and ancillary services undertaken in or from the Dubai International Financial Centre (DIFC) – the regional gateway for capital and investment. Created by statute in September 2004, the DFSA is an autonomous body whose regulatory framework is built to the highest international standards and tailor-made for its environment to ensure that the DIFC is one of the best regulated financial centres in the world.
DFSA’s primary functions include rule making, policy development, authorisation, regulation and enforcement of legislation on institutions and individuals to operate within the DIFC. Using a risk-based framework, the DFSA oversees the full range of financial and ancillary services in the DIFC, including securities and commodities exchange, wholesale banking, asset management, reinsurance, Islamic financial business, legal, accounting and compliance services.
