Ex Falcon Chairman Arrested in 1MDB Probe
Former head of Abu Dhabi’s sovereign wealth fund was arrested in Abu Dhabi as part of investigation into 1MDB. Khadem Al Qubaisi has emerged as a key figure in global investigation into alleged fraud at 1MDB. He has not been allowed to leave the United Arab Emirates and had his assets frozen there.
News Source: Finews Asia
About Falcon Private Bank
Falcon Private Bank is a Swiss private banking boutique with 50 years of expertise in wealth management. Founded in1965 as Ueberseebank, the bank was renamed AIG Private Bank in 1998. Following the change of ownership, the name Falcon Private Bank was launched in 2009 – owned by International Petroleum Investment Company (IPIC), one of the world’s leading sovereign wealth funds from Abu Dhabi. Falcon Private Bank provides services to private clients and wealthy families from its headquarters in Zurich, and its branches and representative offices in London, Singapore, Abu Dhabi, and Dubai.
- Origin : Zurich, Switzerland
- Assets : CHF 3.47 billion (2014)
- Revenue : –
- Employees : approx 300 (2014)
Official Website: www.falconpb.com
News & Media: Press Release
Updated on 8th August 2016