BCP (Banque de Commerce et de Placements), a Swiss bank headquartered in Geneva, has reached a major milestone in its Middle East expansion strategy with the transformation of its Dubai Representative Office into a fully operational Branch. This follows the successful acquisition of a Category 4 licence from the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Centre (DIFC), enabling BCP to broaden its advisory offering in the region.
This upgrade highlights BCP’s long-term commitment to the Middle East and Africa, where the bank has operated since 2006. With substantial client assets already managed locally, the new branch strengthens BCP’s ability to deliver tailored solutions to high-net-worth individuals, family offices, and institutional investors, combining regional expertise with Swiss banking standards.
Founded in 1963, BCP has established itself as a leader in Commodity Trade Finance and Wealth Management. Backed by investment-grade ratings from both Fitch and Moody’s, the bank is recognised for its financial resilience, robust risk management, and client-focused approach.
“This marks not just an upgrade, but a strategic development,” commented 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 serve as a dedicated client-facing and advisory hub, while transactions and asset bookings remain centralised in Switzerland, supported by BCP’s seasoned teams in Geneva. This dual-service model ensures clients benefit from local accessibility paired with comprehensive Swiss wealth management infrastructure.
To lead operations, Massimo Cangini has been appointed Senior Executive Officer of the Dubai Advisory Office. With over a decade of regional experience and more than 20 years in Swiss and international banking, he brings deep market insights and a strong focus on personalised client service.
Through the Dubai branch, clients will gain access to BCP’s full suite of services, including investment deal structuring, credit solutions, custody services, and financial product advisory.
Operating under the supervision of both the DFSA and the Swiss Financial Market Supervisory Authority (FINMA), the branch reflects BCP’s commitment to world-class compliance and regulatory excellence.