UAE – Mubasher: Investec opened its office in Dubai International Financial Centre (DIFC), expanding its footprints in the Gulf region, according to a press release.
The DIFC office connects clients, family offices, and financial institutions in the GCC, with advisory and arranging services in private banking, wealth and investment management, as well as corporate and investment banking.
Meanwhile, the new location will leverage Investec’s improved services in Switzerland, enabling the group to provide its clients with a comprehensive network of international capabilities and expertise.
Investec operates in two anchor geographies, South Africa and the UK, as well as the US, Ireland, the Channel Islands, Mauritius, India, and Continental Europe.
Cumesh Moodliar, CEO of Investec Bank Limited, said: “We see a sustained emergence of high-net-worth individuals in Dubai and the Gulf as the region offers connectivity, quality services and growth opportunities for domestic and international companies.”
“This reflects the increasing importance of the region for the global economy and the ambitious growth agenda of these markets,” Moodliar indicated.
Salmaan Jaffery, Chief Business Development Officer, DIFC Authority, highlighted: “By establishing in DIFC, Investec can use Dubai as a gateway to more than $3 trillion of private wealth within an hour’s flight.”
Darryn Solomon, Senior Executive Officer of the Investec DIFC office, commented: “We look forward to providing clients with access to global private banking and investment management as well as corporate and investment banking opportunities, tailored to meet their evolving needs.”
