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UAE says Swiss secrecy “dead” – hails Singapore model 

The head of Abu Dhabi Global Markets has declared the traditional Swiss private banking model “dead”, instead preferring the Singapore model. Ahmed Ali al-Sayegh, chairman of recently established Abu Dhabi Global Markets, the UAE’s international financial centre, said that Abu Dhabi will compliment rather than rival Dubai, which is currently centre of the Middle East’s private banking activities. Switzerland’s has…

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