11 June 2013

FTSE Opens New Office in DIFC

11 June 2013 - FTSE Group (FTSE), the global index provider, has opened an office within the Dubai International Financial Centre (DIFC). The total number of FTSE offices across Asia Pacific, Europe and the Americas is now 13. The new office will provide a gateway for FTSE’s growing business in the Middle East and Africa.

The new office will support FTSE’s regional presence, bringing FTSE’s global expertise to sovereign wealth funds and family offices. It will also act as a hub for FTSE’s growing operations in Africa,” said Jonathan Cooper, Managing Director, Middle East and Africa. “FTSE already works closely with domestic exchanges, market authorities and asset managers in the Middle East and Africa to support the development and capacity of domestic financial markets. This new office will further strengthen our ability to support our growing customer base in the region, “commented Cooper.

Welcoming FTSE into DIFC Community, Jeffery Singer, CEO of DIFC Authority, said: “We, are delighted to be chosen as the hub for the global index provider, FTSE. FTSE has a strong international presence and their decision to establish their regional base in DIFC will provide them with the ideal platform and modern infrastructure they require to further develop and to support financial markets in the Middle East and Africa region”.

The Dubai International Financial Centre (DIFC) is the financial and business hub connecting the region’s emerging markets with the developed markets of Europe, Asia and the Americas. Since its launch in 2004, DIFC, a purposely built financial free zone, has been committed to encouraging economic growth and development in the region through its strong financial and business infrastructure. Currently, DIFC's client base comprises almost 912 active registered firms, including 21 of the world’s top 25 banks, 8 of the world’s ten largest insurers, 6 out of 10 top law firms, 11 of the top 20 money managers in the world. 

Source: DIFC