Danish online trading and investment firm Saxo Bank has received regulatory approval to operate a regional office in the Dubai International Financial Centre under the supervision of the Dubai Financial Services Authority.
The company has said that the new office is designed to strengthen its presence in the region and marks the first time that a Danish bank has established its presence in the Gulf Corporation Council (GCC) region.
Omar Bin Sulaiman, governor at the Dubai International Financial Centre (DIFC) said: I am delighted to welcome Saxo Bank to DIFC, the first Danish financial institution to establish a presence here. There is huge demand for the online investment trading services offered by Saxo Bank, and the GCC’s significant investor base will undoubtedly benefit from their operation in the region.
Shailendra Robin Patel, CEO at Saxo Bank Dubai, said: Even though most of our business is conducted online, Saxo Bank takes great pride in the high level of personal service and support we offer our clients and partners on the ground. Our DIFC office will enable us to bring our products and services closer to our clients and partners in support of our objectives to continue growing our business throughout the region.
