DKK Partners, a leading fintech company which specialises in emerging markets (EM) and foreign exchange (FX) liquidity, has launched a Dubai operation to turbocharge the business economy in the Middle East.
The news comes following circa 60% per cent growth in 2022, surpassing £100 million in revenue, up from £63 million the previous year.
The office, based in the Dubai World Trade Centre, will act as a central hub for DKK in the region granting greater access to the Middle East, Africa and Asia trade corridors. The expansion will be led by senior associates within the region all with Tier 1 banking experience in forex, trade finance and structured products.
The day-to-day team, currently consists of three full time staff, led by budding entrepreneur Asia Salvatore, with ambitious plans to hire and treble its headcount this year.
DKK’s Dubai operation has already obtained its World Trade Centre Free Zone licence and has plans to bolster with virtual assets licences through VARA (virtual assets regulatory authority) in the near future.
It will begin trading immediately, empowering local businesses and the local economy through access to FX services.
Asia Salvatore, Head of Sales for DKK in Dubai, said:
“We are excited to launch in Dubai and bring our mastery of FX to empower businesses and financial institutions who have previously lacked access to high quality solutions. Dubai is a land of opportunities and DKK is perfectly poised to get out there and make a splash in the market.”
Khalid Talukder, Co-Founder & CEO of DKK Partners, commented:
“DKK has achieved fantastic growth over the past year and launching in Dubai is a natural step to continue our expansion and evolution as a frontier markets currency trading house. We have a passionate team with extensive knowledge of the local market ready to hit the ground running and deliver high quality FX services to the region.”
DKK was founded by capital markets specialist Khalid Talukder, formally of UBS, Citi & Deutsche Bank, and Dominic Duru of RBS and Citi, enabling businesses to manage currency risks in frontier markets
Key services including virtual IBAN accounts, allowing customers to access new currencies and territories, as well as EM liquidity to prove direct access to real-time pricing and execution across frontier, emerging and G10 market currencies.