Deutsche Bank strengthens UAE presence with ADGM license
Licence Enables Deutsche Bank to Offer Comprehensive Financial Solutions, Supporting UAE’s Economic Vision
Deutsche Bank Expands UAE Presence with New ADGM Financial Services Licence
The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), the premier international financial hub in the United Arab Emirates, has granted Deutsche Bank a financial services license, enhancing its presence in the country. This license gives the bank permission to carry out a number of regulated activities under the Financial Services and Markets Regulations 2015 (FSMR), including credit facilities, investment and credit advice services, and investment arrangement.
In line with its global housebank concept, this milestone is part of Deutsche Bank’s larger plan to increase its presence in the UAE market. Housebank places a strong emphasis on acting as a trusted partner to its customers by offering comprehensive financial solutions that meet their evolving needs across a range of markets and industries.
Jamal Al Kishi, CEO of Deutsche Bank Middle East and Africa, emphasized the significance of this licence, noting that it enables the bank to better serve clients within the UAE and the wider region. “This licence enhances our capability to fulfill our Hausbank promise — to act as a trusted partner wherever our clients conduct business,” he stated.
Jean-Pierre Habis has been appointed as senior manager of the new ADGM branch. He will oversee the bank’s regulated operations and support the delivery of customized financial solutions to clients, ensuring alignment with their specific requirements.
Deutsche Bank’s ADGM licence also supports the bank’s vision to connect global capital markets with regional investment opportunities, contributing to the UAE’s economic transformation goals, including the national initiatives “We the UAE 2031” and the “Abu Dhabi Economic Vision 2030.”
The bank already offers services in investment banking, corporate banking, and wealth management throughout the Middle East and Africa. Furthermore, Deutsche Bank and Coller Capital have teamed together to offer CollerEquity, a top private equity secondary fund, to eligible investors in Asia and a few EMEA locations.
All things considered, Deutsche Bank’s dedication to strengthening its involvement in the UAE’s dynamic financial scene and assisting the nation’s ambitious ambitions for economic development is demonstrated by this new license and increased presence.
