As part of its strategic expansion plan, U.A.E.-based First Gulf Bank, FGB, has set up a new representative office in Seoul, South Korea.
FGB’s new office will strengthen the bank’s presence in the Asia Pacific region, in addition to its branch in Singapore and its representative office in Hong Kong.
The Seoul office will work on supporting existing FGB clients’ operations which also have a presence in Korea, in addition to providing services to Korean investors and companies that are active in the U.A.E., GCC and across Asia.
Commenting on the new office, Andre Sayegh, CEO of FGB, said, “Our new representative office in Seoul comes as a logical next step for our international expansion strategy. FGB’s approach towards global expansion has always been very strategic and calculated, to ensure that it complements our local operations and the needs of our clients, and that it is in line with our overall vision and direction. Our recent rebrand signifies FGB’s aspirations to position the bank for long-term success locally and globally, and we are taking active steps to achieve this ambition, by establishing the first U.A.E. based bank in South Korea.”
Source : WAM News Agency for United Arab Emirates
