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 deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
FAISAL PRIVATE BANK (Switzerland) SA was headquartered in Genève.