Falcon Private Bank is a Swiss private banking boutique with 50 years of expertise in wealth management. The bank provides first-class financial services to private clients and wealthy families from its headquarters in Zurich, and branches and representative offices in Geneva, London, Singapore, Abu Dhabi and Dubai.
Founded in Zurich in 1965 as Ueberseebank, the Bank was renamed AIG Private Bank in 1998 and following a change of ownership, the name Falcon Private Bank was launched in 2009. Since 2009, Falcon Private Bank is owned by International Petroleum Investment Company (IPIC), one of the world’s leading sovereign wealth funds from Abu Dhabi.
In 2014, total assets of Falcon Private Bank AG were 3 467.67 mio CHF and the gross profit – 19.00 mio CHF.
All credit institutions operating in Switzerland are obliged to participate in Swiss deposit guarantee scheme, which compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations. In the case of Falcon Private Bank AG failure, eligible depositors having covered accounts in this bank will be paid out the maximum protected amount of 100,000 CHF compensation.