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Barclays expat clients affected by the sale of their business to ADIB urged to take immediate action

“it is critical that Barclays clients in the UAE decide now whether they wish their current accounts, loans and investments to be moved to Abu Dhabi’s Islamic Bank"

 
PRLog - Apr. 9, 2014 - With 110,000 current accounts and loans, mostly belonging to expat workers in the Middle East “it is critical that Barclays clients decide now whether they wish their current accounts, loans and investments to be moved to Abu Dhabi’s Islamic Bank (ADIB) – if not, they must take advice and move their assets to a new asset manager and bank of their choice” urges Sam Instone, CEO of the multi-award winning financial adviser AES International with offices in Dubai and Qatar.

Barclays customers who decide to go with Barclays’ decision to move their accounts to ADIB will have to switch any financial products they hold to comply with ADIB’s strict rules on Islamic finance, the best known feature of which being the prohibition on interest.

Sam Instone also commented that “if a Barclays client is happy with the move of their account to ADIB, we would still strongly encourage clients with high asset values to consider using an independent wealth manager who understands the expat market with offshore banking facilities.”

AES International is offering clients affected by the closure of their Barclays accounts a complimentary review of their banking and investment arrangements. AES’ offices are conveniently located above the Barclays Emaar Square branch in Dubai if Barclays’ clients want to drop in and discuss their options, or they can talk with an AES financial adviser. For more details,visit

http://www.aesinternational.com/knowledge-tools/news-arti...

AES International uses UK-qualified independent financial advisors, who are specialists in the complexities of expatriate banking, investments and international financial planning.

Press Notes About AES International

AES has been recognised by the Sunday Times Virgin Fast Track 100 as the fastest-growing UK financial services business.  In 2013, AES was also awarded Investors in People Champion status, joining the top 1% of all IIP-accredited businesses.

‘AES International’ is the trading style of a multi-award winning financial services group that is licensed for investment and insurance business in over 34 jurisdictions worldwide.  The company’s approach is strongly differentiated from its peers. As multi-award winning independent specialists with a global perspective, AES seeks to export UK best practice into the international marketplace, focusing on quality; both in terms of the advisers they recruit and the service they provide. Their values-driven approach is reflected in their unique Partnership Charter, which brings peace of mind and security to partners and clients alike.

AES International seeks to bring positive change to international financial services and specialises in multi-jurisdictional, cross border, inpatriate, expatriate, and non-domiciled insurance and investment services. This means they deliver professional services to international private client advisers, wealth managers, and other financial services firms who serve internationally mobile professionals, offshore clients/trusts and the expatriate sector.   The firm delivers three market leading ‘value propositions’ to those intermediaries and businesses with whom they partner. These enable their partners and agents to help their respective clients understand, build and protect their assets.

Specialities

International Wealth Management | Offshore Private Banking | International Financial Planning for Expatriates | International Pension and Retirement Planning

Visit AES International at http://www.aesinternational.com

Contact Details for AES International

Rebecca Steele

Marketing Executive

AES Middle East Insurance Broker, Global Wealth Management

Emaar Square,

5th Floor, Building 6

PO Box 191905

Dubai, UAE

Tel:  +971 (0) 4450 2500

Fax: +971 (0) 4454 1272

E-mail: rebecca.steele@AESinternational.com

E-mail: marketing@AESinternational.com

Web: http://www.aesinternational.com

Contact
AES International
***@aesinternational.com

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Source:AES International
Country:United Arab Emirates
Industry:Banking, Finance
Tags:expat banking, barclays, AES International, ADIB, uae
Shortcut:prlog.org/12307417
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