Dubai FDI sup­ports re­gional ex­pan­sion strat­egy

The Pak Banker - - BUSINESS -

Praemium, provider of var­ied fi­nan­cial so­lu­tions to the wealth man­age­ment in­dus­try world­wide, has moved to Dubai with the sup­port of Dubai In­vest­ment De­vel­op­ment Agency, or Dubai FDI, an agency of the Depart­ment of Eco­nomic De­vel­op­ment and busi­ness ser­vices provider, Cap­i­tal In­ter­na­tional Group.

Through its rep­re­sen­ta­tive of­fice in Dubai, Praemium aims to ex­pand its client base in the re­gion and pro­mote its prod­uct suite com­pris­ing three core prod­ucts - Port­fo­lio ad­min­is­tra­tion soft­ware, Fi­nan­cial plan­ning and CRM soft­ware, and In­vest­ment plat­form - across the re­gion.

Listed on the Aus­tralian Stock Ex­change (ASX) in 2006, Mel­bourne- head­quar­tered Praemium moves to Dubai af­ter es­tab­lish­ing its pres­ence in Lon­don, Jersey, Hong Kong, China and Ar­me­nia. The group sup­ports over 700 firms, from small busi­nesses to large in­sti­tu­tional clients, and man­ages or ad­min­is­ters over 30,000 in­vestor ac­counts cov­er­ing more than $80 bil­lion in funds glob­ally.

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