Ata Invest is first Turkish Capital Markets firm to open office in DIFCPress Release13 Dec 2006 12:42 pm
Ata Invest announced today that it has been granted a license by the Dubai Financial Services Authority (DFSA) to operate from the Dubai International Financial Centre (DIFC). The company plans to take advantage of cross-border business opportunities between the GCC and Turkey, and will primarily offer investment banking services to Turkish and Gulf corporate clients.
Ata Invest, a part of the Ata Finance Group, is a leading corporate finance and capital markets based firm in Turkey, operating in one of the most liquid and developed emerging markets for over 15 years. Since its establishment in 1991, Ata Invest has acted as a leading corporate finance advisor, as well as providing research-backed brokerage services to both domestic and international institutional clients. This move into the Middle East follows the recent opening of the company’s US office, underlining its intention to extend its international reach across the globe.
Korhan Kurdo?lu, the Chairman of Ata Invest Turkey said: “We are delighted to announce the opening of our office at the Dubai International Financial Centre. The UAE has made great strides in its economic development in recent years and is now firmly established as a key market for regional expansion and investment. Ata Invest intends to be among the top investment banks in the region, and this is an initial step in our growth plans.”
“Our selection of Dubai for our new office reflects our trust in the region’s growth potential and Dubai’s position as a strategic international hub for business. We are very pleased to announce our presence in Dubai and we consider our role as a facilitator in the region’s process of economic integration” added Mr Kurdo?lu.
Nasser Alshaali, Chief Executive Officer of the DIFC Authority, said: “The DIFC represents a gateway of opportunity between East and West, and the incorporation into this financial centre of Turkish firms, such as Ata Invest, further contributes to the forging of strong connections between these two vast regions of the world. We are especially pleased, then, to welcome Ata Invest to the DIFC family, and look forward to facilitating increased investments between Turkey and the Gulf region.”
Mehmet Sami, Executive Board Member of Ata Invest asserted that “Ata Invest has extensive expertise in investment banking services, including privatization advisory, private equity advisory, cross border M&A, public offerings and general consulting. To this end, Ata Invest has advised major corporate clients, multinational corporations, multilaterals and governments”. Mr Sami stressed that their motto for the new operation would be “Bridging the two Gateways: Turkey and the GCC.”
Cem Atac, the Senior Executive Officer of Ata Invest Dubai, stated that “As the first investment banking service platform from Turkey, we aim to act as a catalyst in the development of business between the UAE and Turkey, serving the needs of our clients both in the region and in Turkey, by offering the highest in professional standards. Ata Invest will advise on financial products and arrange credit or deals on investments.”