Swiss banking group SYZ & Co has opened a representative office in Dubai which will promote its offering for institutional investors, such assovereign funds, pension funds, institutions, multi-family offices and wealthy individuals.
The office will cover all six Gulf Cooperation Council States – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates – and operate within the framework of the Dubai International Financial Centre, a financial free zone intended for foreign financial companies.
Newly appointed manager of the Dubai office, George Azar, and his team will also promote the Oyster investment funds and examine the opportunities for expansion in the region. This includes, for example, the launching of specific products in cooperation with local partners.
Azar was previously in charge of the local office of Jefferies International.
Imran Ahmed, who was previously a deputy director and deputy head of institutional sales for North Africa and the Middle East, has also joined the SYZ & Co Dubai office.
"The Gulf region is particularly dynamic and has been expanding rapidly for about ten years,” the bank says. “Dubai, in particular, is displaying great economic vitality and has embarked on a major programme of economic diversification, in particular in new technologies, commerce and high-end tourism.”
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