The Swiss private bank, Maerki Baumann & Co. Ltd., has received regulatory approval from the Financial Services Regulatory Authority (FSRA) of ADGM to open the bank’s branch in Abu Dhabi.
With this step, Maerki Baumann is expanding its geographic reach outside the European market by establishing a local presence in the Middle East.
This expansion allows Maerki Baumann to better serve the evolving needs of tech-driven companies, particularly in the blockchain and cryptocurrency sectors, which are seeing rapid growth in the region.
Maerki Baumann ME hub supports blockchain and crypto firms
The bank is aiming to support blockchain and crypto companies by offering access to essential financial infrastructure and by acting as a reliable banking partner.
With the license granted for ADGM, the international financial center of Abu Dhabi, Maerki Baumann is taking another step forward in its strategic development as a reliable financial partner for tech and blockchain ventures, crypto-native companies, and the entrepreneurs behind them.
The Middle East Hub will operate under the ‘ARCHIP’ brand, which unites the bank’s broad range of banking services for clients from the crypto community. These include corporate accounts, liquidity management, and comprehensive services in trading, custody, staking, and the management of digital assets for private, institutional, and corporate clients.
Stephan A. Zwahlen, CEO of Maerki Baumann, said that, “The ADGM licence is a strategically important milestone for our bank. The international expansion of our Tech Banking business underscores the bank’s long-term commitment to providing first-class banking services to technology-focused companies. While our Middle East Hub ensures close client proximity, service delivery from Switzerland guarantees access to Maerki Baumann’s established expertise and proven track record.”
Andreas Froehlicher, Head Middle East Hub, noted that, “Through our Abu Dhabi branch, we are making our banking expertise and digital asset services accessible to clients and entrepreneurs in the region.”
“This presence allows us to connect directly with tech, blockchain, and crypto companies that are looking for an experienced and reliable financial partner. We combine in-depth knowledge in blockchain-driven business models with bespoke solutions and Swiss service quality – a synergy that sets us apart in the market,” Froehlicher added.
