Investec, a premier international bank and wealth manager, has opened its new office in Dubai International Financial Centre (DIFC).
This new office expands its unique offering to the Gulf region. The DIFC office will serve as a hub for high-net-worth clients, family offices and financial institutions in the region, with advisory and arranging services in private banking, wealth and investment management, and corporate and investment banking.
The Investec Group has a strong presence in South Africa and the United Kingdom. It also operates in the USA, Ireland, the Channel Islands, Mauritius, India and Continental Europe. The new office in DIFC brings Investec closer to its clients, connecting them to a broad network of international capabilities and expertise.
DIFC remains committed to shaping the future of finance. With its strategic location and business-friendly legal and regulatory frameworks, DIFC provides an excellent platform for Investec to expand its operations and serve a diverse client base. The Centre has more than 6,000 companies. This includes over 230 banks, 27 of the top 29 globally systemically important banks, and more than 400 prominent wealth and asset managers.
Cumesh Moodliar CEO – Investec Bank Limited
“We see a sustained emergence of high-net-worth individuals in Dubai and the Gulf as the region offers connectivity, quality services and growth opportunities for domestic and international companies. This reflects the increasing importance of the region for the global economy and the ambitious growth agenda of these markets. We are following our clients into this high growth market with the personalized private banking and wealth management services as well as access to our corporate and investment banking capabilities.”
Salmaan Jaffery, Chief Business Development Officer, DIFC Authority, said that, “We are delighted to welcome Investec to DIFC and Dubai. DIFC’s world-class business ecosystem, legal and regulatory framework and world-class infrastructure continues to attract financial institutions looking to access deep pools of wealth from family offices, sovereign funds, and ultra-high-net-worth individuals. By establishing in DIFC, Investec can use Dubai as a gateway to more than USD 3trn of private wealth within an hour’s flight.”
Investec’s reputation is built on its relationship-centric approach, which is augmented by technological capabilities, underpinning a client ecosystem that benefits from an integrated international offering.
“Investec prides itself on delivering world-class service and creating enduring worth for our stakeholders. We look forward to providing clients with access to global private banking and investment management as well as corporate and investment banking opportunities, tailored to meet their evolving needs,” added Darryn Solomon, Senior Executive Officer of the Investec DIFC office.
