Deutsche Bank has announced that it has obtained a financial services permission from the Financial Services Regulatory Authority (FSRA) within the Abu Dhabi Global Market (ADGM).
This authorisation enables the bank to conduct a range of regulated activities within the international financial centre.
The license allows Deutsche Bank to carry out activities under the Financial Services and Markets Regulations 2015 (FSMR), specifically: arranging deals in investments, arranging credit, and advising on investments or credit.
The development marks an expansion of the bank’s presence in the United Arab Emirates (UAE), where it has operated for over 25 years.
The bank first opened a representative office in Abu Dhabi in 1999, and now maintains four legal entities in the country, including the newly licensed ADGM branch.
Deutsche Bank provides a range of services across investment banking, corporate banking, and wealth management in the UAE.
Jean-Pierre Habis has been appointed Senior Manager for the ADGM branch.
In this role, he will oversee key aspects of the bank’s regulated business and support the delivery of financial services tailored to client needs.
According to Jamal Al Kishi, Chief Executive Officer for Middle East and Africa,
“Receiving this license is an important step in our strategy to better meet the evolving needs of our clients in the UAE and across the region. It improves our ability to deliver on our Hausbank promise, to serve as a trusted partner to clients wherever they operate.”
Featured image credit: ADGM
