Investec expands its presence by launching an office at Dubai International Financial Centre

Post by: Pratik Kumar

Photo : Dubai government media office

Investec, a leading international bank and wealth manager, has officially launched its office in the Dubai International Financial Centre (DIFC), enhancing its distinctive offerings in the Gulf region. This new location aims to connect high-net-worth clients, family offices, and financial institutions within the Gulf Cooperation Council (GCC), providing advisory and arranging services across private banking, wealth and investment management, as well as corporate and investment banking.

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The DIFC office will leverage Investec’s robust services in Switzerland, drawing from the bank’s Swiss banking heritage, extensive group resources, and established investment processes. By positioning itself within DIFC, Investec aims to deepen its connections with clients, offering access to a comprehensive network of international capabilities and expertise.

The Investec Group operates in key regions including South Africa, the United Kingdom, the USA, Ireland, the Channel Islands, Mauritius, India, and Continental Europe. The establishment of the DIFC office reflects the bank's strategy to be closer to its clients in a region that is increasingly recognized as vital to the global economy.

DIFC plays a pivotal role in shaping the future of finance, offering a strategic location combined with a business-friendly legal and regulatory framework. The centre houses over 6,000 companies, including more than 230 banks and 400 leading wealth and asset managers, making it an ideal platform for Investec’s expansion.

Cumesh Moodliar, CEO of Investec Bank Limited, remarked on the growing number of high-net-worth individuals in Dubai and the Gulf, emphasizing the region's connectivity and quality services. He noted that this expansion allows Investec to cater to the rising demands of domestic and international clients seeking personalized private banking and wealth management services. “We are following our clients into this high-growth market with tailored solutions,” he stated.

Salmaan Jaffery, Chief Business Development Officer at DIFC Authority, expressed his enthusiasm for Investec's arrival, highlighting that DIFC’s world-class business ecosystem continues to attract financial institutions seeking to access significant pools of wealth. He pointed out that establishing operations in DIFC enables Investec to use Dubai as a gateway to over USD 3 trillion of private wealth within a one-hour flight.

Investec is renowned for its relationship-centric approach, which is enhanced by its technological capabilities, creating a client ecosystem that benefits from a fully integrated international offering. Darryn Solomon, Senior Executive Officer of the Investec DIFC office, emphasized the bank's commitment to delivering world-class service and building lasting value for stakeholders. He added, “We look forward to offering clients access to global private banking, investment management, and corporate banking opportunities tailored to meet their evolving needs.”

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