DIFC expands support services available to financial institutions as Total Solutions Europe joins centrePress Release 15 Dec 2004 01:59 pm
The Dubai International Financial Centre (DIFC) today reaffirmed its commitment to creating a state-of-the-art environment for financial institutions operating within the Centre. Leading European consultancy practice Total Solutions Europe (Total Solutions) has been registered to operate from within the Centre by the Dubai Financial Services Authority (DFSA) as an Ancillary Service Provider (ASP). Total Solutions is a consultancy, training, interim management and resource solutions firm specialising in the financial services industry. It will be regulated by the DFSA on the compliance services it will offer to clients.
Dr. Omar Bin Sulaiman, Director General of the Dubai International Financial Centre stated ,
“I am delighted to welcome Ejaz and his team to Dubai. We at the DIFC are determined to offer a totally global environment to our operators and Total Solutions fits this requirement perfectly. The financial institutions operating here will find the same services and quality of support as in any other major financial centre, only with the added bonuses of an attractive fiscal regime and a rapidly growing financial sector”
Ejaz Vastani, Managing Partner (Middle East), who will head the Total Solutions operation at the DIFC commented,
“The work we have done around the world has been for many of the top names in financial services such as Citibank, ABN Amro and JP Morgan. As we expand, it makes perfect sense for Total Solutions to be present in the DIFC, which we are confident will develop as a hub for global financial services business.
The opportunity for firms such as these in Dubai is immense and our opportunity lies in the specialist support we can provide.”
Robi Dattatreya, Total Solutions Managing Director, added,
“The DIFC concept is one we fully support and we are pleased to have completed the registration process. We firmly believe that Total Solutions will assist DIFC’s ongoing development and growth aspirations by supporting the businesses that operate, and plan to operate, from within the centre. Our specialist focus on operations and technology solutions for financial services institutions will enable us to support businesses that relocate or expand existing operations here through consultancy, interim management and training.”
Total Solutions was established in 1998 in London with a clear goal of delivering customised solutions to client’s critical operational and technical requirements. In 2001, Total Solutions Europe BV was formed in Amsterdam, followed by Total Solutions Europe GmbH in Frankfurt in 2002. Currently, over 70 full time consultants work for an ever expanding client base that includes: Citibank, State Street Bank and Trust Company, ABN AMRO Asset Management, ABP Investment Management, Deutsche Bank, ABN AMRO Bank, Commerzbank, Deloitte & Touche, ING Bank, JP Morgan Chase and Rabobank.