Computershare Establishes Office at the Dubai International Financial CentrePress Release01 Apr 2009 12:58 pm
Computershare, a leading global financial market services and technology provider for the securities industry, today announced that it has opened an office in the Dubai International Financial Centre (DIFC). The new office will help the Australian (ASX) listed company expand its presence in the Middle East.
Computershare already offers a wide range of its products and services in the region. Recently, it assisted Australian, US and Canadian companies to list on Nasdaq Dubai using its innovative cross border listing structures. Computershare plans to leverage this expertise to enable companies from the Middle East to conduct secondary listings on international exchanges.
Abdulla Al Awar, Managing Director of DIFC Authority said: "The vast reserves of liquidity in the Middle East and the availability of a sophisticated world-class financial infrastructure are encouraging leading companies to the region. With its global expertise in providing services to corporations and financial institutions, Computershare is well placed to tap the vast long-term opportunities in the region. The DIFC will provide Computershare with the support and services necessary for it to establish its operations in the financial district and enhance its business in the region."
Paul Conn, President of Computershare's Global Capital Markets Group said: "With the rapid growth of economies in the Middle East and with the liquidity the region provides, demand for services such as cross border listing and improved corporate governance is on the increase. The opening of an office in DIFC further demonstrates our commitment to the region, enabling Computershare, globally, to more conveniently service clients and stakeholders locally through this new presence."
The company has appointed Paul Webb-Jones as the Managing Director of Computershare Dubai based in DIFC. Webb-Jones previously spent four years working as Sales Manager for Bloomberg in the Middle East. His role as Managing Director is to provide a local presence for Computershare's expertise in registry, corporate governance, cross border listing services and its interactive audience response systems used for corporate meetings and conferences.