MAC Capital establishes HQ in DIFC
17 December 2007
MAC Capital Limited (MAC), a leading corporate finance house for Middle East – Asia business flows, today announced that it has been granted a licence by the Dubai Financial Services Authority (DFSA)Dubai Financial Services Authority (DFSA) to operate and establish its headquarters in the Dubai International Financial Centre (DIFC).Dubai International Financial Centre (DIFC).
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From their DIFCDIFC headquarters, MAC Capital will offer a full range of financial services, including mergers and acquisitions, listings, underwriting, corporate advisory and securities brokerage with a focus on cross border transactions.
Nasser Al Shaali, Chief Executive Officer of the DIFC Authority, said: “As the world’s fastest growing financial centre, the DIFCDIFC can offer MAC Capital a base for its headquarters to build on its success, and an ideal platform to continue the expansion of its regional offering. As we see the business links between the Middle East and Asia continue to strengthen, the role of financial experts in these regions, such as MAC Capital, will increase, adding further gravitas to the DIFCDIFC, which is already home to many of the world’s leading financial institutions.”
The MAC Group is the result of a global collaboration of financial institutions and prominent business people. It was established early in 2006 by Chairman, Robert W. McMillen, to provide best-of-breed international investment banking and brokerage expertise to and from the Middle East. It has already developed a reputation as a specialist advisor in mid-tier cross border transactions and as a leader in local equity research. Through its local brokerage affiliate, MAC Sharaf Securities (U.A.E.)MAC Sharaf Securities (U.A.E.) LLC, it provides brokerage services on the Dubai Financial MarketDubai Financial Market and the Abu Dhabi Stock MarketAbu Dhabi Stock Market.
Its DIFCDIFC company, MAC Capital, is to be the flagship of the Group. MAC Capital is now fully operational with a strong multi-national team and is positioned as a leading, independent investment bank based in the DIFCDIFC with global reach.
“There are tremendous prospects for us to bridge the geographic and information divide between clients. There are also abundant opportunities here, as identified by our worldwide network, and as such it was a natural decision to establish MAC Capital’s international headquarters in the DIFCDIFC. We are witness to the fact that, through the growth and success of the DIFCDIFC, Dubai has become the financial services hub of the Middle East. Investors and investees are both justifiably drawn to this market, and we will strive to ensure that our clients here receive unrivalled service,” stated MAC Group Founder and Chairman, Robert W. McMillen.
“One of our aims at MAC Capital is to introduce foreign investors to the public and private markets in the region. Over the past few months, we have conducted road shows on the U.A.E. markets in London, New York and Asia and these were received very well indeed. Our team provided compelling reasons why decision makers should be looking towards the Middle East – not just as a source of capital, but also as a venue for excellent investment opportunities,” believes Gerhard Hametner, MAC’s Director of Business Development.
About MAC Capital:
MAC Capital Limited is a wholly-owned subsidiary of McMillen Advantage Capital Limited (“MACL”).
MACL’s shareholders include international stock brokers, advisors and private banks, such as;
– Quam Securities Co., Ltd. Hong Kong
– Killik & Co. United Kingdom
– Syrus Securities Plc. Thailand
– Bank Morval Switzerland
– Capital Partners Securities Co., Ltd. Japan
– Lloyd Edward-Jones France
and a number of very prominent businessmen.
MACL’s affiliate in the U.A.E., MAC Sharaf Securities (U.A.E.)MAC Sharaf Securities (U.A.E.) LLC, is a fully licenced stock broker on the Dubai Financial MarketDubai Financial Market (“DFM”) and the Abu Dhabi Securities Market (“ADSM”). MACL’s Dubai-based partners are the Sharaf Group and Major General Mohammed Abdul Rahim Al Ali.
About the DIFCDIFC:
The Dubai International Financial Centre (DIFCDIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services.
In just three years, over 500 firms have registered at the DIFCDIFC. They operate in an open environment complemented with world-class regulations and standards. The DIFCDIFC offers its member institutions incentives such as 100 per cent foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.
Dubai International Financial Centre
Tel: +971 4 362 2433
Dubai International Financial Centre
Tel: +971 4 362 2432