ESFG is an integrated financial services group based in Luxembourg, with its banking and insurance operations located primarily in Portugal.
ESFG located their Middle East Headquarter at the DIFC as they were attracted by its sophisticated banking environment and its proximity to other Gulf countries, as well as Asia.
ESBD will provide a diversified range of financial and investment banking services to its clients in the Middle East. They expect to capitalise on opportunities not only for private banking and asset management but also for trade finance.
"The MENA and subcontinent regions today have a prominent and rapidly growing role in the world economy. As well as catering for our international clients who seek our assistance when entering the region, we will provide financial solutions to Middle Eastern corporations and governments" said Mr. Ricardo Espírito Santo Salgado, Chairman of ESFG and also Chairman of the new Bank.
The office is located at Gate Village Building 1, in the DIFC, and it is open for business. The CEO is Mr. Shekhar Chatterjee.
Nasser Al Shaali, Chief Executive Officer of the DIFC Authority said, "As a leading European financial services group, the opening of ESBD's DIFC office will bridge the gap between the markets in the East and the West, as well as providing a platform for their growing presence across the globe. We are delighted that this banking group has joined the DIFC. At the DIFC, ESBD can truly benefit from an unrivalled environment which is transparent, efficient and of the highest integrity."
Browse
related articles
ES Bankers (Dubai) Limited joins Dubai International Financial Centre
- United Arab Emirates: Wednesday, November 28 - 2007 at 15:10
- PRESS RELEASE
Espírito Santo Financial Group S.A. (ESFG), the Portuguese banking group, today announced that its subsidiary, ES Bankers (Dubai) Limited (ESBD), has been granted a full banking licence by the Dubai Financial Services Authority (DFSA), to operate in the Dubai International Finance Centre (DIFC).
Related stories
Also consider reading:
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
Log in to request more information from DIFC
Notes and media contacts
Media enquiries:Amira Abdulla
Dubai International Financial Centre
Tel: +971 4 362 2433
Fax: +971 4 3622236
Shaima Al Zarouni
Dubai International Financial Centre
Tel: +971 4 362 2432
Fax: +971 4 3622236
About ESFG:
ESFG is an integrated financial services group based in Luxembourg, with its banking and insurance operations located primarily in Portugal and centred on the BES Group and the Tranquilidade Group of Companies respectively.
BES Group is the third largest commercial banking group in Portugal and its subsidiaries, namely BES Investimento, a major investment bank operating mostly in Portugal, Spain and Brazil and ESAF- Espírito Santo Activos Financeiros, a major fund management company.
The insurance group is composed of Companhia de Seguros Tranquilidade, engaged in non-life agent and direct distribution; T-Vida ,a life company, BES Vida, a life company focusing on bancassurance and BES Seguros a non-life company.
Internationally, ESFG's activities include private banking in Switzerland and Portugal through Banque Privée Espírito Santo and commercial banking in France through Banque Espírito Santo et de la Vénétie, in Angola through Banco Espírito Santo Angola and in Macao through Banco Espírito Santo do Oriente. In addition, private banking activities are carried out in other units of ESFG with particular emphasis on Lisbon and Miami.
About the DIFC:
The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services.
In just three years, over 500 local, regional and international 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.
Posted by Lara Lynn Golden, News EditorWednesday, November 28 - 2007 at 15:10 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.
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
It looks like you are using a Mac - check out our 
Web Feeds