DIFC Engages with Global Fund Managers to Highlight Middle Eastern Investment Opportunities
DIFC Engages with Global Fund Managers to Highlight Middle Eastern Investment Opportunities
Region’s pre-eminent financial centre showcases Middle East, Africa and South Asia offering at world’s largest Asset Management event
Dubai, 29 June 2014: In line with its strategy to position itself as a leading global financial market, Dubai International Financial Centre (DIFC) last week engaged with leading fund managers from around the world, at FundForum International 2014 in Monaco.
FundForum International, the flagship event in the FundForum series, is the world’s largest fund management event and continues to attract more than 1,200 top decision makers from across the globe.
Exhibiting alongside some of the leading names in the financial services sector, including BNY Mellon, Franklin Templeton Investments, JP Morgan, and Goldman Sachs Asset Management, DIFC offered an insight into the key growth opportunities in the Middle East, Africa and South Asia (MEASA) region.
Jeffrey Singer, CEO of DIFC Authority, commented, “FundForum is a series of events that DIFC continues to support, both on a global scale and here in the region. With assets under management in the Middle East and Africa expected to rise from US$ 0.6 trillion in 2012 to US$ 1.5 trillion by 2020, FundForum International 2014 is the ideal platform to facilitate discussion around the increasing potential of this sector.”
With 11 of the top 20 money managers based in the Centre, DIFC’s internationally recognised legislative and regulatory framework has supported the growth and development of the region’s asset management industry since its establishment in 2004.
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About DIFC
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 1,039 active registered firms, including 22 of the world’s top 30 banks, six of the top ten insurers, seven of the top 10 law firms, 11 of the world’s top 20 money managers and seven of the top ten consultant companies in the world. Around 15 thousand employees operate in an open environment complemented by international legal and regulatory standards. DIFC offers its member companies benefits such as 100 per cent foreign ownership, zero per cent tax rate, with no restriction on capital convertibility or profit repatriation.
DIFC has its own independent financial and ancillary services regulatory body, the Dubai Financial Services Authority (DFSA). It also has the DIFC Courts, which is an independent common law judiciary based in DIFC with jurisdiction over civil and commercial disputes in or relating to the Centre.
DIFC is built upon a modern legal, regulatory and physical infrastructure, which makes it the destination of choice for Financial Services firms establishing a presence in the region.
For further information, please visit , or follow the DIFC on Twitter @DIFC.
For further inquiries on DIFC, please contact:
Dubai International Financial Centre
Shaima Al Zarouni
PR Manager
Email:
Tel: +971 4 362 2432
Capital MSL
Manal Shaikh
Account Director
Email:
Tel: +971 55 109 2452
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