Investec, a prominent international banking and wealth management institution, has officially inaugurated its office in the Dubai International Financial Centre (DIFC), a leading financial hub in the Middle East, Africa, and South Asia (MEASA). This new office marks a significant step in extending Investec’s unique offerings to the Gulf region.
The DIFC office aims to connect high-net-worth individuals, family offices, and financial institutions within the Gulf Cooperation Council (GCC) by providing advisory and arranging services in private banking, wealth and investment management, as well as corporate and investment banking. The new office will also enhance Investec’s services in Switzerland, leveraging its banking heritage and extensive group resources.
Operating in key regions such as South Africa and the United Kingdom, as well as the USA, Ireland, and India, the establishment of the DIFC office allows Investec to deepen its relationships with clients by connecting them to a vast network of international expertise.
The DIFC is essential for influencing the future of finance, offering a strategic location and a favorable legal and regulatory environment that supports Investec’s operational expansion. With over 6,000 firms, including 230 banks and numerous leading wealth managers, DIFC serves as a robust platform for financial institutions.
Cumesh Moodliar, CEO of Investec Bank Limited, stated, “We see a sustained emergence of high-net-worth individuals in Dubai and the Gulf as the region offers connectivity, quality services and growth opportunities for domestic and international companies. This reflects the increasing importance of the region for the global economy and the ambitious growth agenda of these markets. We are following our clients into this high growth market with the personalised private banking and wealth management services as well as access to our corporate and investment banking capabilities.”
Salmaan Jaffery, Chief Business Development Officer of DIFC Authority, remarked, “We are delighted to welcome Investec to DIFC and Dubai. DIFC’s world-class business ecosystem, legal and regulatory framework and world-class infrastructure continues to attract financial institutions looking to access deep pools of wealth from family offices, sovereign funds, and ultra-high-net-worth individuals. By establishing in DIFC, Investec can use Dubai as a gateway to more than USD 3trn of private wealth within an hour’s flight.”
Known for its relationship-driven approach, Investec integrates technological innovations to create a comprehensive client ecosystem.
Darryn Solomon, Senior Executive Officer of the Investec DIFC office, added, “Investec prides itself on delivering world-class service and creating enduring worth for our stakeholders. We look forward to providing clients with access to global private banking and investment management as well as corporate and investment banking opportunities, tailored to meet their evolving needs.”
