Dubai: GMG Limited, part of the G2 Group, on Sunday announced that it has been granted a licence by the Dubai Financial Services Authority to operate as an authorised firm from the Dubai International Financial Centre (DIFC).
The G2 Group is a family office based in Switzerland and specialising in investments and financial services across asset classes,
G2 manages a series of highly focused fund of hedge fund investments in Switzerland, Russia and Latin America.
The Swiss firm has as well a geographical spread portfolio of real estate investments, including hotels, agriculture and commercial and leisure sectors.
GMG as the brokerage arm of G2 Group, will provide both traditional voice and electronic execution services for institutional clients from its base at the DIFC.
With offices in London and Paris and an FSA licence, GMG is specialised in inter-dealing broker services.
Its activities cover the wholesale financial markets facilitating the flow of liquidity in both OTC trades and transactions between commercial/investment banks and other financial and non-financial institutions around the world.
GMG will render its brokerage services to institutional clients such as banks, funds and sovereign funds.
Abdullah Mohammad Al Awar, Chief Executive Officer of the DIFC Authority, said: "GMG is a highly focused and specialised service provider which will add yet another facet to the regional financial services industry.
"There is already an appetite for specialist services of the company and with its arrival, this demand is only set to grow and deepen further."
