Killik & Co. opens office at Dubai International Financial CentrePress Release05 May 2007 04:25 pm
Killik & Co., an independent firm offering stockbroking services in addition to investment management and financial planning advice, announced today that it has received a license from the Dubai Financial Services Authority (DFSA) to open an office in the Dubai International Financial Centre (DIFC).
Through its regional office at the DIFC, Killik will offer a wide range of services to clients throughout the Gulf and Middle East. The firm, which was established in 1989, has grown from a pure stockbroker into one of the UK’s leading independent financial services groups, looking after approximately £3 billion on behalf of over 25,000 private clients. The company currently operates 13 branches, predominantly in the London area, offering accessibility and personal service to clients.
Headquartered in London, Killik & Co is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority. The firm also offers services in Structured Asset Management, Wills and Trusts, and a range of corporate services that provide share scheme administration and executive counseling.
John JT McGaw, Senior Executive Officer, Middle East and Asia, Killik & Co., said: “Opening an office at the DIFC is a signal opportunity for Killik to grow its timely presence in this vital and fast-growing region in the world. As one of the leading independent financial services firms, we are extremely pleased to be able to tap into the opportunities that exist in the Middle East, and to be able to serve clients here through our office at the DIFC.” He added: “Having been based here in Dubai for nearly a decade, I have witnessed first-hand the unprecedented pace of economic development that has taken place in the emirate and across the region. All of us at Killik look forward to taking part in this incredible growth story through our new office at the DIFC.”
Kashif Arbab, Managing Director of Killik & Co (Middle East and Asia) added: “Dubai is one of the world’s leading trading centers and is especially attractive to the financial services industry because of its regional liquidity. Being part of the DIFC family provides us with a sound logistical and regulatory base from which to capitalize on investment opportunities in the region.”
Dr. Omar Bin Sulaiman, Governor of DIFC, said: “It is my pleasure to welcome Killik & Co. to the growing DIFC family, which now includes more than 350 firms from across the globe. In this era of globalisation, it is imperative that the Gulf continues to keep pace with the latest trends in the financial services industry, and provides solutions that meet the needs of an increasingly sophisticated investor base. I am confident that Killik will do just that through its new office here at the DIFC.”