Deutsche Bank has obtained a financial services license from the Financial Services Regulatory Authority located in the Abu Dhabi Global Market (ADGM), allowing it to engage in crucial regulated activities within this international financial center.
This license permits Deutsche Bank to partake in a range of regulated operations as defined in the Financial Services and Markets Regulations 2015 (FSMR), which include facilitating investment deals, arranging credit, and providing investment or credit advice.
This move aligns with Deutsche Bank’s goal to expand its operations in the UAE, enhancing its alignment with the global Hausbank strategy that emphasizes serving as a dependable partner by delivering integrated financial solutions tailored to clients’ evolving needs in various markets and sectors.
Jamal Al Kishi, CEO of Deutsche Bank Middle East and Africa, remarked: “Acquiring this license marks a significant advancement in our strategy to more effectively address the changing demands of our clients in the UAE and the surrounding region.
“It enhances our capacity to fulfill our Hausbank commitment — to act as a trusted partner for clients wherever they conduct business.”
Jean-Pierre Habis has been appointed as the senior manager for the new ADGM branch, overseeing critical components of the bank’s regulated business operations and aiding in providing tailored financial solutions to clients.
The ADGM license is aligned with Deutsche Bank’s objective of connecting global capital with regional prospects, as stated by the German bank.
Moreover, it supports the economic transformation of the region, resonating with national initiatives such as “We the UAE 2031” and the “Abu Dhabi Economic Vision 2030.”
Currently, Deutsche Bank offers services in investment banking, corporate banking, and wealth management across the region.
Recently, Coller Capital teamed up with Deutsche Bank to present its flagship private equity secondaries fund, CollerEquity, to professional and qualified individual investors in Asia and select markets in EMEA.