Dr Omar Bin Sulaiman and Mellon chief discuss joint strategies for the region

The chairman and chief executive officer of Mellon Financial Corporation, one of the world’s leading providers of financial services, with approximately $4.5 trillion in assets under management, administration or custody, including $766 billion under management , held a senior level meeting with Dr Omar Bin Sulaiman, Director General of Dubai International Financial Centre Authority, and also visited the site allocated for Mellon Global Investments new office

Dr Omar Bin Sulaiman, and Mr Martin G. McGuinn, chairman and chief executive officer of Mellon Financial Corporation discussed future plans and strategies for the DIFC and the Mellon group.

Dr Omar Bin Sulaiman commented:

“I am pleased to welcome Mr McGuinn to Dubai International Financial Centre. Mellon was among the first member companies to receive its licence to operate here. Mellon is a global company, with a great heritage and operations around the world. The fact that they are investing in Dubai and the region is testament to the rich opportunities that exist here.

“Mellon’s decision to operate out of DIFC is a clear endorsement of their belief in a strong future in the region.

“DIFC aims to fuel economic growth in the region and the UAE. This region holds great potential for financial institutions, as we are seeing with over 80 companies now registered at DIFC.”

Mr Martin G. McGuinn, chairman and chief executive officer of Mellon Financial Corporation commented:

"Mellon is committed to growing its business in the Middle East and I am delighted to have met Dr Omar to personally confirm our support for the Dubai International Financial Centre. I have watched with interest how our business here in Dubai has developed since receiving our licence and I am confident of a positive future."

Mellon was licenced by DFSA in December 2004.