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Abbey brings Dubai arms together

Abbey National&#39s is moving its three Dubai-based subsidiaries, Abbey National Offshore, Scottish Mutual International and Scottish Provident International, into new shared premises to cut costs.

This move is intended to increase efficiency by ensuring that all three groups share resources in all areas of the business to help with any further expansion in the Middle East following its acquisition of SPI last August.

Abbey says this change is also in line with the recent restructuring of its wealth management and long-term savings division designed to bring expertise together and improve customer service in the UK and overseas.

Despite the move, the three subsidiaries will continue to operate as separate brands.

Director (retail bank) Abbey National Offshore David Siddall says: “Abbey National Offshore has built a strong brand presence in the UAE and Middle East region offering customers its award-winning banking products. The combined move offers an enhanced platform to develop our presence further in the future and we will continue to offer our customers the highest levels of service, including initiatives such as our recently launched internet banking service.

“This move embraces our strategy of bringing the bank to our customers and is a major step towards our overall aim of making our customers&#39 lives easier.”

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