Inter-dealer broker Tullett Prebon has announced the opening of its newest office in Dubai, along with the appointment of Gahtan Vahidy as the Head of Alternative Investments in a bid to increase exposure into the Middle Eastern market, via a Tullet Prebon company statement.
The London-based broker is a global provider of numerous products, specializing in derivatives, commodities, equities and Forex. Over the past several years the company has had a penchant for expansion, with its most recent ambition centering on a move to South Africa last October. However, Tullet Prebon’s spread to the Middle East looks to secure a wide range of investors in the region and fortify its exposure and presence in a commercial nexus such as Dubai.
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Gahtan Vahidy, a Tullett Prebon mainstay since 2010, has been tabbed as the new Head of Alternative Investments in the Middle East to effectively run the new Dubai Office. The primary objective of the new team will be to deal with the third-party alternative investment burgeoning market with clients ranging from the Middle East to Australia. With the inception of the new office, Tullett Prebon now boasts the claim as being the only alternative investments broker with an established presence in London, New York, Hong Kong and Dubai.
According to Neil Campbell, Head of Tullett Prebon Alternative Investments, in a statement on the opening of the new office, “Tullett Prebon Alternative Investments continues to build on its core business – providing clients with transparent and accountable entry and exit strategies for the low liquidity space. Our new Dubai office confirms our commitment to offering a range of alternative products to a truly global institutional investor base.”
Back in Europe, the company has also selected Dan Nolan to bolster their London team as a senior broker, overseeing and responsible for the management and hedge fund distribution for all of its European customers. Nolan comes with an extensive list of credentials, particularly in illiquid assets, among others.