Macquarie Bank receives Category 4 Branch License to operate from DIFC

Dubai, June 14, 2011 (WAM) - Macquarie Bank Limited (Macquarie), the international financial services group, announced that it has received a Category 4 Branch License from Dubai Financial Services Authority (DFSA). The license allows Macquarie to operate as an authorised entity from within the Dubai International Financial Centre (DIFC) where it will market financial products suitable for clients based in the Middle East.
Macquarie will develop the local product offering from its Fixed Income, Currencies and Commodities (FICC) business focusing on the provision of interest rate derivatives, foreign exchange derivatives, commodities (both physical and derivatives), investor products and structured finance. Macquarie will seek to service clients in the Gulf Cooperation Council states with particular focus on the UAE, Oman, Qatar and Kuwait. - Emirates News Agency, WAM