CFI Group to target HNWI and UHNWI with new Dubai branch
CFI Group Holding has opened a subsidiary in Dubai to target HNWI and UHNWI individuals and businesses under the trading name Credit Financier Invest (DIFC) Ltd.
CFI-DIFC was authorized by the Dubai Financial Services Authority (DFSA) to operate as a Category 3A entity effective May 4, 2017.
CFI Group’s services include wealth management, portfolio advisory, treasury bonds, commodities and futures, stocks and ETFs, Forex, online trading, credit facilities and fiduciary deposits, the company said in a statement announcing the launch.
CFI-DIFC has been launched as part of the brand’s plans to further expand its footprint in emerging markets whilst cementing its position in the Middle East.
In a joint statement, CFI Group Holding’s founders and managing directors, Eduardo Fakhoury and Hisham Mansour, said that that the new entity will focus on catering high-net-worth professionals and financial institutions, as well as providing other bespoke financial services to clients.
The firm said part of its focus will be to provide “online trading services to high-net-worth professionals as well as institutional clients, who will be able to open their accounts directly with the firm to trade CFDs on FX, bullion, commodities and indices”.
Credit Financier Invest is also registered at the Register of Commerce of Beirut and regulated by the Central Bank of Lebanon to provide several services with emphasis on financial brokerage, the statement said.