CFI Group Holding has officially opened a subsidiary in Dubai under the trading name Credit Financier Invest (DIFC) Ltd. (CFI-DIFC), which was authorized by the Dubai Financial Services Authority (DFSA) to operate as a Category 3A entity effective May 4, 2017.
Credit Financier Invest is also registered at the Register of Commerce of Beirut and regulated by the Central Bank of Lebanon to provide several services with emphasis on financial brokerages. CFI Group’s solutions encompass wealth management, portfolio advisory, treasury bonds, commodities and futures, stocks and ETFs, forex, online trading, credit facilities and fiduciary deposits.
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CFI-DIFC launched as part of the brand’s strategy to further expand its footprint in emerging markets whilst reinforcing its premium positioning in the Middle East. CFI Group also plans to strongly increase marketing investment in the region as well as developing direct relationships with key players. The firm said it will focus on providing online trading services to high-net-worth professionals as well as institutional clients, who will be able to open their accounts directly with the firm to trade CFDs on FX, Bullion, commodities and indices.
In a joint statement, CFI Group Holding’s Founders and Managing Directors, Eduardo Fakhoury and Hisham Mansour, said: “We’re thrilled to announce the launch of our Dubai subsidiary CFI-DIFC, after receiving the DFSA’s authorization for it to operate in the Dubai International Financial Center. Dubai has emerged as a strategic regional and even global hub of high standards for Financial Institutions that are regulated by the DFSA, the regulator that is recognized as operating to international best practice standards. We believe there is a gap in what is currently provided and CFI-DIFC’s mission will thus be to fill it by providing premium solutions along with exclusive conditions tailored to our select clients’ specific needs and expectations.”
They added that the new entity will focus on catering to high-net-worth professionals and financial institutions, as well as providing bespoke services.