Expanding its global reach, Tourmaline Partners establishes a fresh office within DIFC for enhanced worldwide exposure.
Tourmaline Partners, a prominent global outsource trading solutions provider, has marked a significant milestone in its international growth strategy with the opening of a new office at Dubai International Financial Centre (DIFC).
To lead this expansion, Kish Desai, with over two decades of experience in global trading and client relationship management, has relocated from the London office to Dubai. In his new role as Senior Executive Officer of DIFC Branch, Desai will spearhead Tourmaline's efforts in the Middle East. His extensive expertise positions him well to increase the firm's presence in a burgeoning market, situated strategically between Europe and the Asia-Pacific region.
Aaron Hantman, CEO of Tourmaline, expressed excitement about the strategic location, which he believes will contribute significantly to the firm's growth and become an integral part of the regional ecosystem. Hantman looked forward to collaborating closely with the DIFC authority and other stakeholders to support the growth of asset owners and investment managers in the region.
Salmaan Jaffery, Chief Business Development Officer at DIFC Authority, welcomed Tourmaline's decision to establish a regional hub in DIFC, highlighting its potential to serve clients and partners with bespoke trading solutions tailored to local market dynamics.
By capitalizing on Dubai’s rapidly growing financial status and strategic geographic advantage, Tourmaline Partners expects to offer clients enhanced market access, local expertise, and continuity of service excellence, ultimately positioning itself as a crucial player in the Middle Eastern financial services landscape.
The expansion underscores Tourmaline's commitment to providing independent, unconflicted outsourced and supplemental trading solutions worldwide, supporting buy-side firms and asset owners of all sizes in achieving greater efficiency, transparency, and performance. Desai emphasized Dubai’s emergence as a key financial center and shared enthusiasm about its vibrant growth and the explosion of new fund managers in the region.
- Kish Desai, with his extensive expertise, will use his new leadership role at Tourmaline Partners' DIFC office to boost the firm's presence in the Middle East, capitalizing on the strategic location's potential for growth and collaboration with regional stakeholders.
- The establishment of Tourmaline Partners' regional hub in DIFC is expected to enable the firm to offer clients enhanced market access, local expertise, and continuity of service excellence, positioning itself as a significant player in the Middle Eastern financial services landscape.
- Desai, reflecting the excitement of Tourmaline's CEO, Aaron Hantman, believes that Dubai's rapidly growing financial status and strategic geographic advantage will contribute significantly to the firm's growth, aligning well with Tourmaline's commitment to providing global clients with unconflicted outsourced trading solutions.
