Switzerland-based Falcon Private Bank could consider buying Barclays stake in Africa as it expands into the continent, a senior executive at the bank told Reuters on Thursday.

London-based Barclays confirmed last week that it was planning to sell down its 62 percent shareholding in Barclays Africa, which it co-owns with South Africa’s Absa, as it seeks to tone down its structure and maximize shareholder value.

Erich Pfister, Falcon’s global head  of private banking, told Reuters that they are watching what “Barclays is going to do” and would be interested if an good opportunity arises out of the sale.

“So far we’ve just said we’re interested in certain African countries and now it’s time to focus on where the opportunities are,” Pfister said, adding that Falcon was less interested in buying all of Barclays assets on the continent.

Last year, Falcon, which is owned by Abu Dhabi sovereign wealth fund International Petroleum Investment Company and has around $18 billion in assets under management, hired former Barclays chief executive of wealth and investment management and head of Switzerland operation, Simon Gaston, as the chief executive of Falcon’s private wealth business in London.

Other banking institutions and financial service providers both from within africa and globally interested in the Barclays assets on the continent include South Africa’s Public Investment Corporation (PIC), which already owns 5.44 percent of Barclays Africa, National Bank of Abu Dhabi — which is seen as a possible bidder for the whole of Barclays stake — and Atlas Mara, an Africa-focused financial sector investment vehicle co-founded by former Barclays CEO Bob Diamond and Qatar National Bank.