Julius Baer Gruppe AG announced it received in-principle approval from the Financial Services Regulatory Authority or FSRA to open a new advisory office in ADGM, the international financial centre of Abu Dhabi. Julius Baer recognizes Abu Dhabi as one of the ambitious wealth hubs, now building on its local presence established 20 years ago with its first office in the UAE. Julius Baer will establish Julius Baer (Abu Dhabi) Ltd., led by Amir Iskander as CEO, and serve ultra-high-net-worth clients.

The office is scheduled to open in December 2025, marking an expansion in Abu Dhabi.