Qatar National Bank has launched QNB Banque Privée (Suisse), the full private banking subsidiary of the QNB Group in Switzerland, reported AME Info. QNB Banque Privée (Suisse) has received its license from the Swiss regulator recently.

QNB Banque Privée (Suisse) said that this new establishment makes QNB Group one of only a handful of GCC financial institutions to operate in Switzerland. It is also an extension of QNB Group existing private banking services in Europe, which are currently offered through QNB branches in London and Paris.

Led by a team of bankers with many decades of experience between them, QNB Banque Privée (Suisse) will provide further market capabilities to QNB’s longstanding Qatari customers looking to expand their investments internationally, as well as cater to the needs of high-net-worth individuals in the countries in which QNB has operations through its branch network, affiliates and subsidiaries.