EFC establishes banking arm in the DIFC

DUBAI — Emirates Financial Services PSC (EFS) yesterday announced the establishment of its international investment banking and wealth management arm — Emirates Financial Services International Limited — within the Dubai International Financial Centre (DIFC).

By A Staff Reporter

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Published: Thu 20 Jul 2006, 10:33 AM

Last updated: Sat 4 Apr 2015, 3:13 PM

The new entity will lead and manage investment banking transactions, both regionally and globally, through the DIFC and will also provide a range of corporate finance and advisory services to its international client base.

Khalid Kalban, Chairman of EFS said: "Given the extensive opportunities in the region, the DIFC is an excellent platform for corporations to raise debt and equity capital. EFS Intl hopes to play a pivotal role in bringing liquidity to the DIFX and looks forward to work with other top institutions in the DIFC to cement this as the region's pre-eminent financial centre."

EFS Intl has secured approval from the Dubai Financial Services Authority for a licence enabling it to offer a comprehensive range of investment banking products and services aimed at institutional investors and high net worth individuals.

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