Zulfi Hydari, Group Managing Director of HBG Holdings, said:
"This license granted by the FSA is a positive step for HBG to establish a strong presence in London. HBG enjoys a substantial heritage with some of the region's finest managerial and financial resources and we hope to leverage our considerable expertise in developing a new investment corridor between the Gulf and London."
Michael Toxvaerd added: "We have a strong Gulf footprint which enables us to serve as a conduit for investment capital from the region and this new license can only strengthen our ability to do so. London is a key financial centre; we believe in the future of this market and are proud to support the financial sector at a time when significant changes are sweeping through the global financial system."
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Posted by Rima Ali Al Mashni
