Nexus eyes 25pc jump in 2013 revenue
Dubai, October 18, 2012
Nexus, one of the largest independent financial advisors in the region, said it expects its 2013 revenue to jump by an average of 25 per cent across its core businesses of life, investment, pension, and general insurance.
The world is increasingly in demand of trustworthy financial planning advice, and Nexus would like to deliver it to them, the group’s chief executive told a packed auditorium gathered in Dubai for the company’s AGM held recently at the Jumeirah Beach Hotel.
“We have built a compelling proposition based on decades of regional experience serving the needs of the communities in which we operate, and now we are looking further afield. We think Nexus could be a truly global brand,” said Mahmoud Nodjoumi, founder and CEO.
Earlier this year, Nexus announced plans to enter the competitive and highly-regulated Saudi and Kuwaiti markets. The company currently operates offices in Abu Dhabi, Beirut, Doha, Dubai, and Bahrain.
Following more than five years of consistent double-digit growth, Nexus believes that its unique customer-focused brokerage approach will be just as successful beyond the Gulf markets as it has proven to be within the region, said Nodjoumi.
“Nexus still has much to achieve across the Middle East, but we are a disciplined company and committed to our markets, and we think we can take this proven Nexus approach to new markets beyond the Gulf – perhaps to Southeast Asia, Africa, or even Southern Europe,” he added.
Nexus deputy CEO Tarun Khanna said the company has continued to distance itself from its competitors by creating a comprehensive offering for its customers.
"We have created our own ‘Nexus eco-system’ – clients come to us and buy multiple products knowing that each is best-in-class and complementary with the others. e work with great partners offering great products, but clients trust us for our unbiased advice,” he remarked.
External speakers invited to address the Nexus AGM included: Emirates NBD Asset Management, Natixis Global Asset Management, and Harris Associates.
Nexus, earlier this month, scooped the coveted Personal Lines Insurance Broker of the Year title at the 2012 Insurex Awards, reaffirming its position as the largest and one of the most respected independent financial firms of its kind in the GCC region.-TradeArabia News Service
More Finance & Capital Market Stories
- NBAD names key official for Hong Kong
- Commercial Bank of Dubai obtains $450m loan
- EFG Hermes names group co-chief
- Islamic bond issuance in GCC picking up
- Kuwait budget surplus likely to hit $42.4bn
- Bahrain banking sector on road to recovery
- GCC banks' outlook stable, says report
- GBSA panel names new chairperson
- NBK group CEO to step down
- SABB gets Fitch ratings boost