One of the biggest Middle East focused brokers, One Financial Markets, has announced plans for significant new office expansion at its Mayfair address, a testament to the long-term approach which the firm has taken towards the market. The company has exchanged contracts for larger office space in the prestigious venue which has been its home for the past six years.
The move is set to happen over the next couple of weeks, as the company continues to be looking forward to new office locations around the globe. One Financial Markets currently has five overseas wholly owned subsidiaries and in excess of fifty affiliate partnerships.
After opening offices in Jeddah, Abu Dhabi and Hong Kong this year, the company set its sights on new lucrative markets within its target regions.
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Being primarily focused on the Gulf region has paid off rather impressively for the company as its workforce tripled in the past couple of years. With 75 personnel globally and 40 in its London headquarters, the firm is looking to open an office in Malaysia in early 2016.
In addition to the new expansion into South-East Asia, an office in Kuwait is in the pipeline for before the end of the year, Finance Magnates reporters have learned.
One Financial Markets is one of the companies which are using London and the U.K. Financial Conduct Authority (FCA) license as a stamp of credibility. The firm’s UK operation is primarily the Head Office, which co-ordinates and manages the global business.
The company has little client activity in Europe and does not actively market in the UK.