Nomura in the present day introduced the enlargement of its Worldwide Wealth Administration enterprise with new premises in Dubai Worldwide Monetary Centre (DIFC), the main world monetary hub within the Center East, Africa and South Asia (MEASA).
Nomura introduced final 12 months that it might open a department of Nomura Singapore Restricted in DIFC to broaden its consumer franchise and improve the footprint of its relationship managers. It has since obtained a Class 4 licence from the Dubai Monetary Companies Authority (DFSA), the impartial regulator of monetary providers carried out in or from DIFC.
The transfer marks Nomura’s dedication to increasing its presence within the area by catering to the rising demand for high-quality wealth administration providers and complete monetary options from its shoppers within the MEASA market. The announcement additionally reinforces DIFC’s dedication to offer a conducive surroundings for companies within the area, to additional drive financial progress.
The agency’s Worldwide Wealth Administration arm will primarily serve high-net-worth people (HNWIs), single household places of work, and exterior asset managers within the UAE and broader Center East area, together with the Gulf Cooperation Council (GCC), North Africa and Levant international locations.
Nomura Worldwide Wealth Administration joins a DIFC ecosystem of over 300 wealth and asset administration corporations that comprise a USD500 bn asset administration market when it comes to AUM.
Ravi Raju, Head of Worldwide Wealth Administration, Nomura, stated:
“DIFC has lengthy established itself because the Center East’s de facto monetary hub and worldwide monetary centre. Our on-the-ground presence right here will assist us higher faucet into the huge swimming pools of wealth on this area, to enrich our technique of serving shoppers throughout Higher China and Southeast Asia in addition to the worldwide NRI section.”
DIFC performs a important position in main and shaping the way forward for finance by creating an surroundings that draws expertise, spurs innovation and fosters progress and improvement. With its strategic location and business-friendly insurance policies, DIFC offers a super platform for Nomura to broaden its operations and cater to a variety of shoppers.