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Faisal Private Bureau

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Faisal Private Bureau — overview

Assets Under Management

Type

Family Office - Multi

Location

Geneva Switzerland

Alternative Asset Classes

PEVCREINFHFPDNR

About

Faisal Private Bureau (FPB) is a multi-family office based in Geneva, Switzerland, solely owned by Ithmaar Bank. In October 2012, Ithmaar decided to convert the former Faisal Private Bank into a family office, with the firm's banking license to be converted to a family office effective June 2013. As part of this process, the firm's name was changed to Faisal Private Bureau. As an interim measure, FPB ceased to accept any new business effective November 2012. Ithmaar has initiated the process of establishing a family office in Switzerland to provide continued service to investors in the existing funds managed by FPB. As of Q2 2015, Faisal Private Bureau was still awaiting its license to operate as a family office. As a consequence, it had not begun making any new investments.

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