Fairbairn Private Bank is opening an office in Dubai and has now received a representative office licence from the central bank of the United Arab Emirates.

"Having closely monitored the region for the past five years, we are now delighted to be granted a licence for the UAE, which forms a natural part of our expansion plans," said Greg Horton, managing director of Fairbairn Private Bank.

The licence permits Fairbairn to promote its wealth management services to international expatriates, intermediaries and high net worth individuals throughout the UAE.

The bank’s immediate parent is Nedbank, the ultimate owner being London-listed Old Mutual. Fairbairn has offices in the Isle of Man, Jersey,  London and South Africa.