Banque de Commerce et de Placements (BCP), headquartered in Geneva, has officially upgraded its Dubai Representative Office into a fully operational Branch, following the successful acquisition of a Category 4 licence from the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Centre (DIFC). The new status enables BCP to extend its advisory services across the region.
This development demonstrates BCP’s long-standing commitment to the Middle East and Africa, where it has maintained a presence since 2006. The Dubai branch will allow the bank to serve high-net-worth clients, family offices, and institutional investors more effectively, integrating regional market insight with Swiss banking precision.
Established in 1963, BCP is a leading player in Commodity Trade Finance and Wealth Management, recognised for its financial stability and holding investment-grade ratings from Fitch and Moody’s. The bank continues to stand out through its risk-conscious strategies and client-first philosophy.
“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 dedicated client advisory centre, while transaction processing and asset bookings remain centralised in Geneva. This integrated approach combines local relationship-building with the extensive capabilities of BCP’s Swiss platform.
To lead the branch, BCP has appointed Massimo Cangini as the Senior Executive Officer of the Dubai Advisory Office. With more than 20 years of international banking expertise and over a decade in the Middle East, he brings in-depth market knowledge and a proven track record in personalised client services.
Clients will benefit from access to BCP’s complete service portfolio, encompassing investment structuring, credit solutions, custody arrangements, and financial product advice.
Operating under the dual supervision of the DFSA and FINMA, the branch underscores BCP’s unwavering adherence to global compliance standards and best-in-class regulatory frameworks.
