GMEX Group is opening a new regional headquarters in Mauritius.
Based in the Mauritius International Financial Centre (IFC), the global multi-asset exchange trading and financial technology firm said that, subject to satisfying requisite criteria and additional regulatory approvals, it also hopes to make the base its new global headquarters.
The company said in statement announcing the deal that it will provide its specialist financial services and other business and technical services, under the GMEX Services banner, with global support for GMEX Group entities to other international partners, stake-holders and technology vendors.
GMEX Group will also manage its expanding portfolio of market infrastructure and Fintech investments from Mauritius under the GMEX Investments banner, it said.
The company added that move is supported by the Financial Services Promotion Agency (FSPA), which operates under the aegis of the Ministry of Finance and Economic Development and is mandated to develop and promote Mauritius as an International Financial Centre (IFC) of excellence.
Hirander Misra, chief executive of GMEX Group & deputy chairman of FinComEco, said: “The rapid development of Mauritius as an International Financial Centre and Fintech hub, coupled with a skilled multilingual labour pool is making it very attractive for global business and technology focused companies, like us, to establish a major presence.”
Mark Simmonds, former UK minister of The Foreign & Commonwealth office for Africa and chairman of FinComEco, said: “Mauritius has developed into an excellent international financial centre in which to base a multi-jurisdictional African investment platform.”