Nomura has officially announced the opening of its new office within the Dubai International Financial Centre (DIFC). Leveraging its extensive experience in global wealth management from Nomura Singapore Limited, the Dubai office commenced operations in 2023, aiming to broaden the group’s client base. This strategy, alongside the recruitment of several experienced relationship managers, has contributed to the company’s successful expansion in the region.
Initially, the firm focused on building a platform to serve the South Asian communities in the Middle East, Africa, and South Asia. Moving forward, it plans to achieve sustainable growth by broadening its coverage to include local clients such as high-net-worth individuals, family offices, and external asset managers in the UAE and the Gulf Cooperation Council (GCC) countries.
This announcement further reinforces the DIFC’s commitment to create a conducive business environment for Nomura and other institutions, contributing to the ongoing economic growth of Dubai and the surrounding region.
Salah Jafri, the CEO of business development at the DIFC Authority, stated: “Nomura’s expansion within the Dubai International Financial Centre reflects its strong regional growth trajectory and over a century of esteemed expertise. It highlights the vast opportunities Dubai offers to global companies. As the premier financial hub in the Middle East, Africa, and South Asia, we provide an ideal platform for global enterprises to enhance their operations and seize new growth opportunities within the region. We are delighted to see Nomura expanding its presence in the Centre, further cementing Dubai’s status as a global destination for capital and talent, favored by prestigious financial institutions worldwide.”
Ravi Raju, head of global wealth management at Nomura, noted: “The DIFC has established itself as one of the primary global financial centers over the years. At Nomura, we have experienced significant growth in a short time frame due to our direct presence at this center. Moving to a larger space will allow us to better support our growing team in Dubai and provide even greater value to our expanding client base in the region.”