Faisal Private Bank was converted into a family office. The family office manages investments for a single family, with the capital of the firm based upon that family's own cash. The conversion was aimed to protect clients' and shareholders' interests and allow parent firm Ithmaar Bank to focus on its core retail and commercial business.
FAISAL PRIVATE BANK (Switzerland) SA participates in the deposit guarantee scheme of Switzerland. This deposit guarantee scheme applies to credit balances made by private individuals (Swiss and foreign), legal entities (Swiss and foreign) and covers up to up to 100,000 CHF per bank per depositor. FAISAL PRIVATE BANK (Switzerland) SA is a member of esisuisse – Deposit Insurance and makes its contributions into it.
FAISAL PRIVATE BANK (Switzerland) SA was headquartered in Genève.
FAISAL PRIVATE BANK (Switzerland) SA was authorized and supervised by the Swiss Financial Market Supervisory Authority.