The Banking Executive Magazine - November 2022 Issue

MultiBank Group MultiBank Group ANNOUNCES RELOCATION OF HEADQUARTERS FROM HONG KONG TO DUBAI Since its inception in 2005, Multi- Bank Group has evolved into the largest financial derivatives institu- tion worldwide. MultiBank Group now boasts a phe- nomenal daily trading volume in ex- cess of US$ 12.1 billion per day and provides services to an extensive client-base of over 1,000,000 cus- tomers from across over 100 coun- tries. Recently, the MultiBank Group moved its headquarters to Dubai from Hong Kong. Naser Taher, chairman at MultiBank Group, said: "The MultiBank Group was recently awarded in the second part of 2022, and licensed by two of the most respected regulators world- wide, the Securities and Commodi- ties Authority of the UAE (SCA) and the Monetary Authority of Singapore (MAS). The shift to Dubai is particu- larly in view of the positive and en- couraging policy of the UAE Government in promoting the city as a major financial centre worldwide." "We are very proud that MultiBank Group has moved to Dubai with an impeccable record with its global regulators bringing the world’s largest financial derivatives institu- tion to Dubai to consolidate the po- sition of the UAE as one of the world’s leading financial centres," Taher added. MultiBank Group is present in over 20 countries across five continents worldwide including Hong Kong, Australia, Singapore, Ireland, United Kingdom, Germany, Austria, Mexico, Cyprus, Turkey, Ecuador, United States of America, China, Malaysia, Vietnam, Philippines, India, Cayman Islands, British Virgin Islands and now, the UAE. MultiBank Group is not only the most regulated financial derivatives institution worldwide with over 11 financial regulators worldwide but it has also kept an un- blemished record with all its regula- tors since 2005. The gala dinner brought together in- fluential members of the trading community, giving them an opportu- nity to partake in MultiBank Group’s vision for the future. As a leading fi- nancial products and fintech provider, the Group has experienced unprecedented growth year-on-year across all metrics and record-break- ing financial results. the BANKING EXECUTIVE 40 ISSUE 167 NOVEMBER 2022