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IQ-EQ has announced the opening of operations in Dubai, United Arab Emirates, making it the first time for the global investor services group to operate in the Middle East.
The move marks the first major milestone in the company’s strategic expansion of its footprint and services in the Middle East, building on its longstanding support for customers in the region.
The new office in Dubai International Financial Center (DIFC) also increases the number of IQ-EQ locations to 25 jurisdictions around the world.
IQ-EQ Group CEO Mark Pesco (pictured) commented: “Extending IQ-EQ’s global reach to DIFC, the Middle East’s leading financial hub, is in line with our ambition to have a local presence in all regions. The world’s leading international financial company and will strengthen the Group’s already strong global positioning.
“Importantly, DIFC is developing into an IFC jurisdiction linking the economies of Africa, India and the Middle East, and given IQ-EQ’s extensive network and client base in the region, we are confident that this investment will be a great success.”
This announcement follows receipt of the necessary approvals for IQ-EQ UAE from DIFC and Dubai Financial Services Authority (DFSA) to provide a comprehensive suite of investors for clients ranging from corporate businesses to ultra-high net worth individuals and family offices Serve.
Leading IQ-EQ UAE in Dubai is Senior Executive Tariq Nakhooda, who will join IQ-EQ in 2022 to establish, build and lead the new business. He elaborates: “Our initial Dubai presence will assist clients with their local and international structuring requirements, including company and foundation formation and administration, compliance services, company secretarial and accounting services. Subject to obtaining the necessary regulatory approvals , we plan to expand our products to mature domestic fund management in due course.
“Having worked in Dubai for over a decade, I have witnessed first-hand its extraordinary connections to the rest of the world, its strategic positioning and strong growth – making it an imperative to be part of a top global business like IQ-EQ A growing community is a must.”
In establishing IQ-EQ’s UAE operations, Tariq worked closely with Sridhar Nagarajan, IQ-EQ Regional General Manager for Africa, India and Middle East, and Rehma Imrith, Chief Commercial Officer for Africa, India and Middle East.
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