Rothschild establishes Middle East presence at the Dubai International Financial CentrePress Release11 Dec 2006 12:40 pm
Rothschild, one of the leading international investment banks, today announced it has been granted a license from the Dubai Financial Services Authority (DFSA) to operate from the Dubai International Financial Centre (DIFC).
His Excellency Dr. Omar Bin Sulaiman, Governor of the Dubai International Financial Centre, said: “It gives me great pleasure to welcome Rothschild to the DIFC, bringing as it does two centuries of banking and financial management experience to the Centre. It is encouraging to see this well-established and prestigious financial institution embarking on a long-term strategy to establish its presence in the region, which commences here in Dubai. We wish them all the best in their endeavors.”
“Our presence at the DIFC comes after careful strategic evaluation,” commented Lionel Zinsou, Head of Rothschild Middle East and Africa. “We are proud to be at the DIFC because the centre of the world’s economic gravity is evolving, and our presence here enables us to add the necessary and important Middle Eastern link.
“Together with the Rothschild network in Europe, Asia and the US, our Middle East presence will provide a seamless global service,” added Zinsou.
Rothschild’s presence in Dubai will be led by Michael Helou, Co-Head of Investment Banking Middle East and supported by the Bank’s team of senior, Arabic speaking bankers based in key financial centres around the world. The team has strong cross border advisory experience and will interact with industry sector and product specialists across the Rothschild Group.
The Rothschild family can trace its first banking client back to 1769. By 1830, the five Rothschild brothers who spread out from their Frankfurt home were the most successful international bankers of their age. This fundamental success remains evident today, with 750 investment bankers working across 22 countries focusing on advisory services.
The Rothschild reputation and unique experience is built upon carefully nurtured relationships and a precious quality prized above all else in financial markets: trust. This has enabled it to consistently advise Governments and some of the world’s leading corporations on their investment decisions and strategy.