Swiss-based Banque de Commerce et de Placements (BCP) has achieved a key strategic milestone by transforming its Dubai Representative Office into a fully-fledged Branch, after securing a Category 4 licence from the Dubai Financial Services Authority (DFSA) within the DIFC. This transition enables BCP to deliver a wider range of advisory services to clients across the region.
The move underlines BCP’s deep-rooted presence in the Middle East and Africa, where the bank has operated since 2006. Leveraging significant existing client relationships, the Dubai branch strengthens BCP’s ability to provide customised solutions to high-net-worth individuals, family offices, and institutional clients while blending local market understanding with Swiss wealth management expertise.
Since its inception in 1963, BCP has earned a solid reputation as a trusted name in Commodity Trade Finance and Wealth Management. With investment-grade ratings from Fitch and Moody’s, the bank is widely respected for its financial discipline, sound risk practices, and dedication to client success.
“This marks not just an upgrade, but a strategic development,” said Marco Grilli, Head of Wealth Management at BCP. “Dubai has emerged as a global centre for innovation and finance. Expanding our presence here underscores our commitment to delivering bespoke, Swiss-quality wealth management services in a market that values excellence.”
The Dubai branch will operate as a regional advisory hub, providing face-to-face engagement, while the booking of assets and transactional services will remain anchored in Switzerland, ensuring clients benefit from on-the-ground expertise backed by robust Geneva-based operations.
BCP has appointed Massimo Cangini as the Senior Executive Officer to lead the Dubai Advisory Office. With over 20 years of banking experience, including more than a decade in the region, he brings comprehensive market knowledge and a strong focus on client-centred service.
Through the Dubai branch, BCP clients can access an extensive portfolio of services, from investment deal structuring and credit solutions to custody management and financial product advisory.
The branch will function under the regulatory frameworks of both the DFSA and FINMA, underlining BCP’s ongoing dedication to stringent compliance and international best practice standards.
