Nomura launches international wealth management business in Dubai, opens new premises in DIFC

Nomura launches international wealth management business in Dubai, opens new premises in DIFC

Nomura’s International Wealth Management business opens new office in DIFC to increase the footprint of its relationship managers and expand its client coverage Nomura’s DIFC office will complement the firm’s existing strategy of servicing clients from Singapore and Hong Kong Dubai, UAE: Nomura today announced the expansion of its International Wealth Management business with new premises in Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA). Nomura announced last year that it would open a branch of Nomura Singapore Limited in DIFC to expand its client franchise and increase the footprint of its relationship managers. It has since obtained a Category 4 licence from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in or from DIFC. The move marks Nomura's commitment to expanding its presence in the region by catering to the growing demand for high-quality wealth management services and comprehensive financial solutions from its clients in the MEASA market. The announcement also reinforces DIFC’s commitment to provide a conducive environment for businesses in the region, to further drive economic growth. The firm’s International Wealth Management arm will primarily serve high-net-worth individuals (HNWIs), single family