EFG International, the Zurich-based private bank, has been granted a license by the Dubai Financial Services Authority. The bank plans t...

EFG International, the Zurich-based private bank, has been granted a license by the Dubai Financial Services Authority. The bank plans to place its regional heaquarters in Dubai. “EFG Dubai will provide the necessary platform to expand our private banking operations in this attractive region,” said Lawrence Howell, chief executive of EFG International. The bank said the new Dubai office will enable it to offer its clients both onshore and offshore products and services.