Jefferies Middle East and North Africa establishes its regional operations at the DIFCPress Release 07 Oct 2006 12:08 pm
“The DIFC hub will provide focused global and regional industry and market capabilities while delivering targeted solutions”
Jefferies International Limited today announced that it was launching its operations under its new license approved by the Dubai Financial Services Authority to operate as an authorised firm from the fast-growing Dubai International Financial Centre (DIFC).
Jefferies Middle East and North Africa will be drawing upon Jefferies global industry and capital market expertise while being focused on clients regional needs. Jefferies renowned franchise and expertise in such sectors as Oil and Gas, Transportation and Infrastructure and Aerospace, Defence and Government Related Services will be at the core of investment banking services, both conventional and Islamic.
John Sinders, Managing Director, Investment Banking: "We are excited about joining the DIFC. The Middle Eastern and North African market has become an increasingly important global market and a market which is a high priority for our firm. We believe this market has the potential to be one of the main global markets for capital formation. Our endeavour will be a broad based investment banking effort focused on both conventional and Islamic financing and in focusing on capital formation for regional companies both within the region and globally as well as for international companies within the region.
We are excited about this effort and believe we have assembled a leading team of professionals in Dubai. We look forward to working with the DIFC as it develops into a global financial centre.”
Christian Mouchbahani, Chief Executive Officer Middle East and North Africa added: “Our sectorial and product expertise in addition to our global reach and flexible size make the Middle East in fact our natural home market. Jefferies Middle East and North Africa aims to be a leading market differentiator and innovator. The DIFC is a great and perfect platform for that.”
Assem O. Kabesh, Chief Business Development Officer at the Dubai International Financial Centre and Board Member at the Dubai International Financial Centre Authority, said:
"Jefferies’ focus on small and mid-sized companies provides a perfect strategic fit for the region’s developing economies. This market continues to experience strong organic growth and will no doubt benefit from Jefferies’ expertise”.
Jefferies Group has a long established presence around the world and views the Middle East region as a highly potential market in its growth strategy as a full service investment banking firm.