Delta Partners wins DFSA licences
Dubai, January 30, 2013
Delta Partners, a leading TMT management consulting and investment specialist in high-growth markets, has won two licences from the Dubai Financial Services Authority (DFSA).
The first licence, a 'Category 3' licence, was granted to Delta Partners Capital Limited, a company incorporated in the Dubai International Financial Centre (DIFC) for carrying out the investments business of Delta Partners. The licence will allow the firm to provide the services of advising on financial products and credit, arranging credit and deals in investments and managing assets.
Geoffrey D Fink, managing partner and head of investments at Delta Partners Capital, said: "We are delighted that Delta Partners Capital Limited has been granted its Category 3 licence by the DFSA, which is widely recognised as the leading financial regulator in the Gulf region. This is evidenced by the top-tier global institutional investors that we have been able to attract to our new emerging markets TMT growth capital fund, all of whom were very comfortable investing with a DFSA-supervised manager."
The second licence, a 'Category 4' licence, was granted to Delta Partners Corporate Finance Limited, a company also incorporated in the DIFC, that will be responsible for conducting corporate finance business for Delta Partners. The licence will allow the firm to perform the financial services of advising on financial products and credit and arranging credit and deals in investments.
Federico Membrillera, managing partner and head of corporate finance at Delta Partners Corporate Finance, said: "The company is very pleased to be part of the DIFC and be regulated by the DFSA, a highly respected financial services regulator. This is yet another step towards strengthening Delta Partners' broad platform, delivering high quality advice in the TMT space."
The DFSA is the independent regulator of all financial and ancillary services conducted through the DIFC, a purpose-built free-zone in Dubai. - TradeArabia News Service