DKK Partners, a fintech company specialising in emerging markets (EM) and foreign exchange (FX) liquidity, has launched a Dubai operation to “turbocharge the business economy” in the Middle East.
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 Head of Sales for DKK Dubai, Asia Salvatore, with plans to hire and treble its headcount this year.
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.”
The news comes following 60% growth in 2022 for DKK, surpassing £100m in revenue, up from £63m the previous year.
DKK’s Dubai operation has already obtained its World Trade Centre Free Zone licence and has plans to bolster its operations with virtual assets licences through VARA (virtual assets regulatory authority) in the near future.
“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,” added Salvatore.
“Dubai is a land of opportunities and DKK is perfectly poised to get out there and make a splash in the market.”
