Sunday, 25 April 2010

Kotak Securities establishes subsidiary in Dubai International Financial Centre

Kotak Mahindra Financial Services Limited, a part of the Kotak Mahindra Group, one of India’s leading financial conglomerates, today, formally announced the launch of its DIFC operations, reaffirming the Group’s commitment to expanding its Middle East operations.

Kotak Mahindra Financial Services has been incorporated in DIFC as a 100% subsidiary of Kotak Securities Limited, which has been consistently named the “Best Brokerage Firm” in India by Asiamoney since 2006.

The licence awarded by the Dubai Financial Services Authority (DFSA) enables Kotak Mahindra Financial Services to arrange credit or deals in investment; advise on financial products and credit; and arrange custody from its DIFC-based office.

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