The new investment bank, named United Investment Bank (UIB), will offer a range of customized services to chosen high net worth individuals (HNWI) and institutional clients, particularly those with an interest in investment opportunities presented by emerging markets.
Falling under the jurisdiction of the Dubai International Financial Centre, UIB is regulated by the Dubai Financial Services Authority.
UFP has appointed Raul Silva, a Portuguese national, as CEO of United Investment Bank.
Silva has over 11 years of experience in senior management positions at a variety of investment management companies, serving as CEO of other financial institutions in Dubai, Hong Kong and Angola. Silva was also previously CEO of two Portuguese local development agencies.
Silva said starting today, UIB will bring a uniquely personalized service to its chosen clients in the region and other emerging markets around the world.
"We have specially designed our operations to strike the right balance between an independent advisory relationship whilst incorporating the protection of strong corporate governance and ethics," Silva added.
