Intesa Sanpaolo expands corporate & investment banking in the UAE and Qatar
New offices opened in Doha and Abu Dhabi
The new offices, alongside its existing Dubai presence, will be part of the Intesa Sanpaolo Corporate and Investment Banking Division (CIB) which has a growing footprint in 29 countries.
The increased presence and commitment to the Gulf region will help support the international growth plans of Italian businesses, as well as strengthen the bank’s ties with its Gulf-based clients.
Abu Dhabi & Doha, April 11, 2017: Intesa Sanpaolo continues to strengthen its growing international network and increase its presence in the Arabian Gulf with the establishment of two new branches in Abu Dhabi, United Arab Emirates and Doha, Qatar.
In the presence of a delegation led by Mauro Micillo, Head of the Corporate & Investment Banking Division of Intesa Sanpaolo, and Chief Executive Officer of Banca IMI (Intesa Sanpaolo’s 100% owned specialist investment bank), the Bank inaugurated the new branches in Qatar and the UAE. Intesa Sanpaolo has been present in Dubai, United Arab Emirates since 2008, from where it operates its regional hub.
The new offices will allow Intesa Sanpaolo to provide its clients with a wide range of tailored financial solutions, including corporate and investment banking and trade finance. A specific focus will be placed on structured export finance services as well as on sectors experiencing strong regional growth and where Intesa Sanpaolo has significant expertise and industry knowledge, such as oil and gas, fashion and luxury and infrastructure and transport.
All three Gulf offices will work in close collaboration with Banca IMI, whose main objective is to assist its clients, including institutional investors, financial institutions, corporates and government-related entities, by offering advanced structured finance, advisory and capital market solutions.
“The opening of our new offices in Abu Dhabi and Doha represents an important step in our international development and growth plan”, stated Mauro Micillo. “Along with our existing regional hub in Dubai, our new offices underline our growing presence and long term commitment to the Gulf. The region is strategically important to Intesa Sanpaolo as we look to assist our Italian clients with their own international expansion plans. The region is also home to a number of important industry sectors and large projects where we have considerable expertise and experience including oil and gas, infrastructure and transport and fashion and luxury.”
Posted by : Dubai PR Network Editorial Team Viewed 25919 times PR Category :Banking & Investments Posted on : Tuesday, April 11, 2017 5:06:00 PM UAE local time (GMT+4)
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