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."
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Killik & Co. opens office at Dubai International Financial Centre
- United Arab Emirates: Saturday, May 05 - 2007 at 14:11
- PRESS RELEASE
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Killik & Co., an independent firm offering stockbroking services in addition to investment management and financial planning advice, announced that it has received a license from the Dubai Financial Services Authority (DFSA) to open an office in the Dubai International Financial Centre (DIFC).
From right to left: Kashif Arbab, Managing Director of Killik & Co (Middle East and Asia) , John Hawkins, Consul General, British Embassy, Dubai , Dr. Omar Bin Sulaiman, Governor, Dubai International Financial Centre , John McGaw, Senior Executive Officer, Middle East and Asia, Killik & Co. and Nasser Al Shaali, CEO, Dubai International Financial Centre Authority.
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Posted by Lara Lynn Golden, News EditorSaturday, May 05 - 2007 at 14:11 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Wed May 23 2007.
Notes and Media Contacts »
Media enquiries:
Amira Abdulla
Dubai International Financial Centre
Tel: +971 4 362 2433
Shaima Al Zarouni
Dubai International Financial Centre
Tel: +971 4 362 2432
About the DIFC:
The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centers of Hong Kong and London and services a region with the largest untapped emerging market for financial services.
In just under two years, over 371 firms have registered at the DIFC. They operate in an open environment complemented with world-class regulations and standards. The DIFC offers its member institutions incentives such as 100 per cent foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.
The DIFC is made up of the following core bodies:
1. The DIFC Authority (DIFCA) - Responsible for the Companies and Security Registries and attracting financial as well as non-financial institutions to set up in the DIFC. The DIFC Authority is also responsible for developing the financial services industry. (www.difc.ae)
2. The Dubai Financial Services Authority (DFSA) - An independent, unitary regulatory authority, responsible for the regulation of all DIFC operations. Its principle-based primary legislation is modeled on that used in London and New York and its regulatory regime operates to standards that meet or exceed those in major financial centers. (www.dfsa.ae)
3. The DIFC Courts - An independent court system set up to uphold the provisions of DIFC laws and regulations, the courts provide comprehensive legal redress in civil and commercial matters within the DIFC. The DIFC Courts system is especially designed to deal with all of sophisticated transactions that will be conducted within DIFC. The DIFC Court laws, based on the common law, not only sets out the jurisdiction of the court but also provides for a dispute resolution services, including arbitration and mediation, thus allowing for the independent administration of justice in the DIFC. ( www.difccourts.ae)
DIFC Investments- The creation of DIFC Investments will result in the allocation to it of all non public administration activities previously carried out by DIFC Authority. This will include amongst other things all commercial and other activities such as the operation and management of any current and future subsidiaries, the development of the centre's investment strategy and relevant policies and any other strategic investments or alliances which will further the goals and objectives of the Dubai International Financial Centre and contribute to the fulfillment of the Centre's vision. Some of the companies and organizations that DIFC Investments owns include:
1. The Dubai International Financial Exchange (DIFX) The DIFX is the region's first international financial exchange for equities, bonds, Islamic products, funds, index products and (subject to regulatory approval) derivatives. The target areas of the DIFX for seeking issuers include the Middle East and North Africa, as well as South Africa, Turkey and the Indian sub-continent. The regulator of the DIFX is the Dubai Financial Services Authority. The DIFX is located in the Dubai International Financial Centre (DIFC) and its owner is the DIFC Authority. (www.difx.ae)
2. Hawkamah- the first Institute for Corporate Governance in the region, has been established in partnership with a group of international institutions, including the Dubai International Financial Centre (DIFC), Organisation for Economic Cooperation and Development (OECD), UAE Ministry of Finance and Industry, Centre for International Private Enterprise (CIPE), International Finance Corporation (IFC), the Union of Arab Banks (UAB), Dubai School of Government (DSG) and the Young Arab Leaders (YAL). (www.hawkamah.org) .
For further information on Killik, please contact:
John McGaw, SEO
Killik & Co (Middle East and Asia)
Kashif Arbab, MD
Killik & Co (Middle East and Asia)
About Killik:
As one of the UK's leading independent financial services groups, Killik & Co provide financial planning, investment management and stockbroking services, as well as the highly successful Seven Investment Management Division (7IM), a leader in Multi Manager. Additionally, the Firm offers a range of corporate services that provide share scheme administration and executive counselling.
The Killik & Co partnership was founded in 1989 and operates from 13 branch offices in, and around, Greater London. It looks after approximately £3 billion on behalf of over 25,000 private clients.
Killik & Co is a trading name of Killik & Co LLP, a limited liability partnership authorised and regulated by the Financial Services Authority and a member of the London Stock Exchange. Registered in England and Wales No. OC325132 Registered office: 46 Grosvenor Street, London W1K 3HN. A list of Partners and branch offices is available upon request. To telephone all offices please call 020 7337 0400 or see the website at www.killik.com
Amira Abdulla
Dubai International Financial Centre
Tel: +971 4 362 2433
Shaima Al Zarouni
Dubai International Financial Centre
Tel: +971 4 362 2432
About the DIFC:
The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centers of Hong Kong and London and services a region with the largest untapped emerging market for financial services.
In just under two years, over 371 firms have registered at the DIFC. They operate in an open environment complemented with world-class regulations and standards. The DIFC offers its member institutions incentives such as 100 per cent foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.
The DIFC is made up of the following core bodies:
1. The DIFC Authority (DIFCA) - Responsible for the Companies and Security Registries and attracting financial as well as non-financial institutions to set up in the DIFC. The DIFC Authority is also responsible for developing the financial services industry. (www.difc.ae)
2. The Dubai Financial Services Authority (DFSA) - An independent, unitary regulatory authority, responsible for the regulation of all DIFC operations. Its principle-based primary legislation is modeled on that used in London and New York and its regulatory regime operates to standards that meet or exceed those in major financial centers. (www.dfsa.ae)
3. The DIFC Courts - An independent court system set up to uphold the provisions of DIFC laws and regulations, the courts provide comprehensive legal redress in civil and commercial matters within the DIFC. The DIFC Courts system is especially designed to deal with all of sophisticated transactions that will be conducted within DIFC. The DIFC Court laws, based on the common law, not only sets out the jurisdiction of the court but also provides for a dispute resolution services, including arbitration and mediation, thus allowing for the independent administration of justice in the DIFC. ( www.difccourts.ae)
DIFC Investments- The creation of DIFC Investments will result in the allocation to it of all non public administration activities previously carried out by DIFC Authority. This will include amongst other things all commercial and other activities such as the operation and management of any current and future subsidiaries, the development of the centre's investment strategy and relevant policies and any other strategic investments or alliances which will further the goals and objectives of the Dubai International Financial Centre and contribute to the fulfillment of the Centre's vision. Some of the companies and organizations that DIFC Investments owns include:
1. The Dubai International Financial Exchange (DIFX) The DIFX is the region's first international financial exchange for equities, bonds, Islamic products, funds, index products and (subject to regulatory approval) derivatives. The target areas of the DIFX for seeking issuers include the Middle East and North Africa, as well as South Africa, Turkey and the Indian sub-continent. The regulator of the DIFX is the Dubai Financial Services Authority. The DIFX is located in the Dubai International Financial Centre (DIFC) and its owner is the DIFC Authority. (www.difx.ae)
2. Hawkamah- the first Institute for Corporate Governance in the region, has been established in partnership with a group of international institutions, including the Dubai International Financial Centre (DIFC), Organisation for Economic Cooperation and Development (OECD), UAE Ministry of Finance and Industry, Centre for International Private Enterprise (CIPE), International Finance Corporation (IFC), the Union of Arab Banks (UAB), Dubai School of Government (DSG) and the Young Arab Leaders (YAL). (www.hawkamah.org) .
For further information on Killik, please contact:
John McGaw, SEO
Killik & Co (Middle East and Asia)
Kashif Arbab, MD
Killik & Co (Middle East and Asia)
About Killik:
As one of the UK's leading independent financial services groups, Killik & Co provide financial planning, investment management and stockbroking services, as well as the highly successful Seven Investment Management Division (7IM), a leader in Multi Manager. Additionally, the Firm offers a range of corporate services that provide share scheme administration and executive counselling.
The Killik & Co partnership was founded in 1989 and operates from 13 branch offices in, and around, Greater London. It looks after approximately £3 billion on behalf of over 25,000 private clients.
Killik & Co is a trading name of Killik & Co LLP, a limited liability partnership authorised and regulated by the Financial Services Authority and a member of the London Stock Exchange. Registered in England and Wales No. OC325132 Registered office: 46 Grosvenor Street, London W1K 3HN. A list of Partners and branch offices is available upon request. To telephone all offices please call 020 7337 0400 or see the website at www.killik.com
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