Most Improved Management Team - Falcon Private Bank

Since April 2009, Falcon Private Bank has been owned by Aabar Investments PJSC of Abu Dhabi, which is majority controlled by the state-owned International Petroleum Investment Company.

The Swiss private bank is the former AIG Private Bank and Eduardo Leemann, chief executive officer of Falcon Private Bank, has been credited with being an impressive leader and successfully managing his team during the transition. The bank aims to increase its revenue further, but the improvement and progress that the bank has showed so far is notable, according to awards judge Seb Dovey. The bank has a growing presence in Switzerland, the Middle East, Eastern and Western Europe and Asia. The bank currently employs 280 people at its head office in Zurich and has branches and representative offices in Geneva, Hong Kong, Singapore, Abu Dhabi and Dubai.

Falcon Private Bank, like the rest of the industry, is operating in a difficult environment. “In my view, the most significant developments which had a significant influence on our industry last year were margin erosions combined with major growing market uncertainties,” comments Mr Leemann.

This creates a number of challenges for the private bank. “One of our greatest challenges is the development of product and strategies for private clients which suit their need of capital protection plus decent returns. As a Swiss private bank owned by Abu Dhabi – and with a global presence in Switzerland, the UAE and Asia – one key challenge remains the management of a global franchise combining all cultural aspects under one brand,” says Mr Leemann. JC