Services and Solutions
The focus of the ABS Group is to provide investment advisory, financial planning services, and asset management to private and institutional clients. For commercial and corporate clients, the ABS Group offers credit-related services and Commodity Trade Finance. The Wealth Management cares about the individual banking needs of their mainly Middle-Eastern clients. It provides tailor-made products and all the wealth management products, like investment management, including advisory services and discretionary portfolio management.
The ABS Group also offers extensive market research. The credit-related services include a variety of credit instruments, such as mortgages, guarantees, Lombard loans mainly to private clients. For the commercial clients, the ABS Group is a very import partner in the commodity trade finance field. They offer a full range of financing services, to commodity traders and local companies involved in the export business especially for those companies dealing in the MENA region. The Treasury and foreign exchange division offers its clients a wide range of products, like Foreign Exchange, Security Trading, Money Market and Precious Metals.
In 2017 the new guidelines of FINMA to enhance alertness and proactivity towards risk were implemented in the risk management and supervision framework. The ABS Group has achieved and established a broad set of internal rules and policies to manage the risks. When risk is taken, it will be identified, measured, controlled and attenuated. On a yearly basis, the Board of Directors reviews the principal risks and decides, if necessary, the appropriate steps.
Clear rules regulate the credit risks. They are mitigated through strict control of collaterals and limits. The Treasury Department monitors daily the market risks. The liquidity is always ensured, and the focus is on pertaining the liquidity ratios set by the regulatory rules. An additional risk which is regularly monitored by the Board of Directors and the Audit Committee is the operational risk. The Legal & Compliance department is responsible for the legal and compliance risk.