Massimo Cangini, senior executive officer of the Dubai branch BCP/Image: Supplied
Banque de Commerce et de Placements (BCP), the Geneva-headquartered Swiss bank, has announced the transformation of its Dubai Representative Office into a fully operational branch. The move 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 expand its advisory services in the Middle East.
This development strengthens BCP’s long-standing commitment to the Middle East and Africa, where it has been active since 2006. With significant client assets already in the region, the new branch will provide high-net-worth individuals, family offices, and institutional clients with tailored services that combine regional proximity and Swiss expertise.
Established in 1963, BCP has built a strong reputation in commodity trade finance and wealth management. The bank holds investment-grade ratings from Fitch and Moody’s and is recognised for its financial stability, disciplined 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 act as a client-facing and advisory hub, while transactions and asset bookings will remain centralised in Switzerland. This structure ensures clients benefit from local relationship management supported by BCP’s established banking and wealth management infrastructure in Geneva.
BCP has appointed Massimo Cangini as senior executive officer of the Dubai branch. With over a decade of experience in the region and more than 20 years across Swiss and international banks, Cangini brings deep market knowledge and a strong focus on personalised client service.
Through the new branch, clients will gain access to BCP’s full suite of services, including investment deals, credit, custody, and financial product advisory. The branch will operate under the regulatory oversight of both the DFSA and the Swiss Financial Market Supervisory Authority (FINMA), underscoring BCP’s commitment to compliance and regulatory best practices.
