IXIS Corporate & Investment Bank enters Dubai International Financial CentrePress Release 30 Apr 2006 11:01 am
IXIS Corporate & Investment Bank, part of the Groupe Caisse d’Epargne of France, received DFSA license to operate out of the Dubai International Financial Centre as an authorised firm. A leading player on the capital markets, IXIS Corporate & Investment Bank holds a banking license under French law and offers a combination of optimal security and excellent ratings.
As part of its international expansion plans, IXIS Corporate & Investment Bank becomes the first French investment bank to take advantage of the growing opportunities and liquidity in the Middle East and North Africa.
Charles Stauffer, who will act as Senior Executive Officer and develop the Bank’s business providing a full range of services, commented: "Operating within the DIFC offers us a comfortable platform to be closer to our clients in the region. The jurisdiction is regulated by the highest international standards and the benefits are appealing. I am delighted to represent the first French bank among leading global and local institutions".
Dr Omar Bin Sulaiman, Director General of DIFC Authority, commented: “We are delighted to welcome our first French financial institution to the DIFC. Their arrival clearly adds to DIFC’s growing status as an international finance centre. The bank’s decision to operate out of the DIFC shows its commitment to the region, and its endorsement of Dubai’s growing status as a universally recognised hub for finance and investment.”
IXIS Corporate & Investment Bank delivers an extensive array of high value-added intermediation, structured finance, financing, engineering and research services. In 2005, net banking income amounted to 1,342 million euros with a net income of 353 million euros.
The Bank has developed its specialties in increasingly complex markets where it can leverage its expertise and deliver real value-added to clients. This value-added is embedded in the quality of the Bank’s 2,000 staff, their ability to react swiftly, their strong client-oriented advisory skills and their high degree of accessibility. IXIS Corporate & Investment Bank’s financial ingenering also harness their strong technical acumen to devise innovative and made-to-measure products that respond to market changes and emerging client needs.
The Bank maintains a global presence through its Paris head office, and branches or subsidiaries in Europe (Frankfurt, Dublin, London, Luxembourg, Milan), North America (New York) and Asia (Hong Kong, Singapore, Tokyo).