Swiss Financial Services Company Opens Representative Office in Baku

Azerbaijan has established a representative office Private Asset Partners AG (Switzerland) - a provider of financial services, specializing in wealth management.

The representation, whose appointed head is Rafael Gasim Oglu Gurbanov, was registered on October 17.

Private Asset Partners AG acts since 2000. It provides services for independent asset management for clients and Private Banking, providing clients with financial, consulting and other services in the format of "family office" as well as on the development of various individual financing schemes and services in confidence. Azerbaijani citizens will be able to create and manage a company with registered offices in Switzerland, as well as foundations, trusts and offshore companies.

Private Asset Partners is a member of PolyReg - a self-regulatory organization, operating in accordance with Article 24 of the Swiss Confederation on the fight against money laundering, and recognized by the federal authority of the Swiss Confederation on the fight against money laundering.

Furthermore, as a member of a trade union PolyAsset, the company operates in accordance with the code of activity asset managers approved by Circular 2009/1 of the Commission on Financial Market Supervisory Swiss Confederation, said the company's corporate website (http://www.paps.ch/ch /r/werwirsind.html). --08B--

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