Saxo Bank to open regional office in DIFC
Dubai, May 6, 2009
The online trading and investment specialist Saxo Bank, received regulatory approval to establish a regional office in the Dubai International Financial Centre (DIFC).
The new office is designed to further strengthen the Copenhagen-based online specialist's presence in the region.
'Saxo Bank is the first Danish financial institution to establish a presence here. There is huge demand for the state-of-the-art online investment trading services offered by Saxo Bank, and the GCC’s significant investor base will undoubtedly benefit from their operation in the region,' said Dr Omar Bin Sulaiman, governor of DIFC.
“Dubai remains one of the most important global financial centres and the GCC will have an important role to play when this current financial crisis is over. Depending on market conditions, we intend to use our new office as the first step towards establishing similar presence in other GCC countries,” added co-CEO and co-founder Lars Seier Christensen.
“Even though most of our business is conducted online, our DIFC office will enable us to bring our products and services closer to our clients and partners in support of our objectives to continue growing our business throughout the region,” stated Shailendra Robin Patel, CEO for Saxo Bank (Dubai) Limited.
Founded in 1992 by co-CEOs Kim Fournais and Lars Seier Christensen, Saxo Bank is renowned for its award-winning online trading platform, SaxoTrader, which is available directly through Saxo Bank or one of the Bank’s White Label partners.
Saxo Bank has more than 120 White Label Partners and has thousands of clients in over 180 countries, he added.-TradeArabia News Service
More Finance & Capital Market Stories
- GIH picks ex-Barclays banker as investment head
- Jeddah Economic Company names new CEO
- Saudi real GDP growth surges to 3.1pc in Q3
- UAE business activity growth hits record high
- Global Islamic banking assets ‘set to top $1.7trn’
- Egypt back in business, says new survey
- United Arab Bank backs UAE-Turkey business
- Islamic finance 'facing integration challenge'
- Bahrain tops in developed Islamic finance sector
- DME sets new trading records