FFA (Dubai) Limited Opens Office at Dubai International Financial CentrePress Release02 Nov 2006 12:17 pm
FFA (Dubai) Limited, a fully-owned subsidiary of Financial Funds Advisors (FFA), one of Lebanon’s leading financial institutions, has been granted a license by the Dubai Financial Services Authority (DFSA) to operate as an authorised firm in the Dubai International Financial Centre (DIFC). FFA (Dubai) Ltd. is the first Lebanese firm to receive a license from the DFSA to operate from within the DIFC.
Established in 1994 and regulated by the Central Bank of Lebanon, FFA specializes in investment advice and solutions for both institutional and high net worth individuals in areas such as wealth management, capital markets, fund management, real estate, and corporate and merchant banking. In the Gulf, FFA is especially focused on cross-border transactions, including Saudi Arabia. The firm’s dedicated financial research unit offers investors insight into the Lebanese and regional markets, and employs the latest technology to deliver fast, efficient and accurate transactions.
Assem O. Kabesh, Chief Business Development Officer, DIFC and Board Member, DIFC Authority, welcoming FFA (Dubai) Ltd. to the Centre, commented: “As the first institution from Lebanon to join us, FFA has again proved itself a pioneer in the regional financial services sector. Being based in the DIFC will provide them the ideal opportunity to continue with their tradition of innovation and excellence.”
Jean Riachi, Chairman of FFA, said: “The DIFC has rapidly established itself as the region’s premier financial hub and one of the best-regulated financial centres in the world. As such, we are delighted to have received our license from the DFSA and are extremely proud that our company is the first licensed Lebanese institution to operate from within the DIFC.”
“This strategic move to the DIFC demonstrates our continued commitment to our clients’ interests in the region,” added Riachi, “as well as our relentless drive to expand and grow our financial services across the Middle East and Gulf.”
“We have served for more than a decade as trusted financial advisors to Middle East and Gulf clients, offering valued insight into the region’s complex and fast-changing economic conditions,” said Georges Abou Jaoude, Chief Executive Officer of FFA (Dubai) Ltd. “From our new base in Dubai, we will widen both our reach and scope of expertise, especially in the wealth management, capital markets and investment banking sectors.”