RBC Dexia Opens Middle East Office

RBC Dexia Investor Services has opened an office for the Middle East and North Africa (MENA) region, focusing on business development and client service. The office is a branch of RBC Dexia Trust, Canada and is licensed and regulated by the Dubai Financial Services Authority (DFSA).

Based in the Dubai International Financial Centre (DIFC), this office will facilitate the management of new and existing client relationships, offering RBC Dexia’s suite of services to governments and money managers across the MENA region.

Andrew Polley, senior executive officer, Middle East and Africa, will lead the office and report to Richard Hale, regional head, UK, Ireland and Middle East, sales and relationship management in London. Rob Lowe, director of sales and relationship management, has relocated to the office from London.

José Placido, chief executive officer (CEO) of RBC Dexia Investor Services, said: “As global money managers establish offices in the MENA region, we intend to match our global capabilities with their ambitions. The presence of sovereign wealth funds, the growth of local funds in the region and the increase in global fund managers distributing their products there make this an important hub for servicing clients in these high potential markets.”


Related reading

New consumer banking head for Citi Asia Pacific