Mubasher, Religare in strategic tie-up
Dubai, October 2, 2012
Mubasher Financial Services (MFS), one of the region’s leading brokerage firms, has entered into a strategic partnership with Religare Securities Limited (RSL), a leading Indian securities company with over a million clients.
The collaboration will enable Mubasher clients to trade on Religare’s platform and access opportunities in India, while Religare clients can use Mubasher’s platform to access global markets such as the US, UK and Europe.
The alliance aims to cover a wide range of cross-border trading and investment opportunities. From Mubasher’s perspective, Non Resident Indians (NRI’s) and Qualified Foreign Investors (QFI’s) will enjoy access to lucrative opportunities in India’s dynamic economy, a statement from the brokerage firm said.
From Religare’s standpoint, its clients will now benefit from Mubasher’s sophisticated online trading platforms while exploring international markets.
Malek Kanawati, CEO of Mubasher, said: “This has the potential to be a very profitable venture for our clients, if they exploit the wealth of investment options available in India. We are excited to be strengthening our existing presence on the Indian subcontinent.”
“We will leverage on our extensive experience in Middle Eastern and western financial markets to work with Religare and innovate market leading technology platforms and investment opportunities to Indian clients.”
Jayant Manglik, president, retail distribution, Religare Broking, said: “Today, India as an investment destination cannot be ignored by any global investor and we are very excited to partner with a leading broker like MFS to offer this opportunity to NRIs and QFIs from GCC.”
“On the other hand, the growing wealth in India has also triggered a demand for international trading products and investment opportunities. We are sure that with MFS’s strengths, capabilities and experience in international online trading we would be able to provide the perfect gateway for our clients to diversify their portfolios globally. We look forward to working with MFS.”
“By using the advanced online trading platforms, clients will have real time access to investment opportunities, while staying up-to-date on the latest fluctuations and developments,” he concluded. – TradeArabia News Service