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Nomura Securities, Japan’s leading global financial services group, said on Tuesday that it will dubai The International Financial Center (DIFC) has expanded its international wealth management footprint in the Middle East, also offering services to non-resident Indians.
Nomura receives approval-in-principle from the Monetary Authority of Singapore, dubai The Financial Services Authority (DFSA) establishes a center for wealth management relationships in the Middle East and receives DFSA license.
This marks the latest expansion effort by the global wealth manager to expand its reach of ultra-high-net-worth clients in Greater China, Southeast Asia, the Middle East and the global non-resident Indian target market, all now serviced by approximately 90 Private bankers are based in Singapore and Hong Kong.
Dubai has long established its importance in the Middle East, Indian subcontinent and Africa For entrepreneurs and families, this is a base from which to expand their international reach, said Ravi Raju, head of international wealth management at Nomura.
“We are excited about the opportunity to be part of this exciting growth opportunity, offering our international wealth management and single-bank solutions to clients through our strong Singapore-based platform,” Raju said.
“We wanted to bring our leading suite of institutional products, including structured solutions, to meet the complex needs of entrepreneurs and ultra-high net worth clients in the Middle East,” said Rig Karkhanis, Deputy Head of Global Markets and Head of Global Markets, Asia ex-Japan .
(This story was not edited by Devdiscourse staff and was automatically generated from a syndicate feed.)
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