MIDDLE EAST - SEI has opened an office in the Dubai International Financial Centre (DIFC) to provide investment solutions to clients in the Middle East.
Jahangir Aka, senior executive officer for SEI in the Middle East, said: "In the last twelve months we have been involved in numerous discussions across the region to ensure our solutions are aligned to market needs."
The DIFC formally recognised SEI as a foreign branch on 21 February 2008, and the Dubai Financial Services Authority (DFSA) gave approval to SEI to act as an authorised firm on 24 February 2008.
Nasser Al Shaali, CEO, DIFC Authority, said: "SEI has a proven track record in building world class investment and administration capabilities, and, as regional banks, institutions and families grow and develop onshore asset management and wealth management capabilities, SEI has a key role to play in this region."
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