Habib Bank AG Zurich, the private banking business of Pakistani bank Habib, has launched out of the United Arab Emirates a new online tradin...

Habib Bank AG Zurich, the private banking business of Pakistani bank Habib, has launched out of the United Arab Emirates a new online trading service for US capital markets called HBZtrade. The service is the first of its kind in the Middle East and has been launched through Habib Investments, the investment management business of Habib Bank. Habib Bank said in a statement on the new service: “HBZtrade is a combination of two things, investment management (private banking advice for individuals/groups) and a 24/7 automated portfolio management online trading system that is accessible to all clients via the Internet or mobile phone.” Reza Habib, joint president, Habib Bank AG Zurich said in a statement: “We are very excited by this new, revolutionary service from our private banking division. The time is right to empower the UAE community with high value and convenient investment opportunities.”