DDGI Eyes Expansion In Asean Markets

KUALA LUMPUR, Feb 26 (Bernama) -- DDGI Ltd is targeting to expand its service to other Southeast Asian countries, including Indonesia with the opening of its Malaysian office here. Executive director/deputy chief executive officer Lawrence Oliver said the Malaysian market would allow the firm to tap into new opportunities in the region as part of its expansion strategy. “The Malaysian market is the key market for DDGI to connect the Islamic finance market in the region, especially in Singapore and Brunei, as well as a valuable connection in Indonesia. “We believe that having a presence here will offer DDGI expansion opportunities,” he told Bernama. DDGi Ltd, a wholly-owned subsidiary of a London-based financial technology solutions provider DDCAP Ltd, is scheduled to officially launch its Malaysian office here Tuesday. Meanwhile, DDGI managing director Stella Cox said the representative office in Kuala Lumpur would help strengthen and support new and existing client relationships in Malaysia and Southeast Asia, as well as provide a base to explore new opportunities in the region. “The Kuala Lumpur office is our third after London and Dubai, and the first in the Asian region,” she said. Working with conventional and Islamic banks, DDCAP provides asset facilitation services to over 300 financial sector clients worldwide across a diverse range of Shariah-compliant products, asset classes and instruments in both the primary and secondary markets. -- BERNAMA