IQ-EQ is to open its first office in Dubai, United Arab Emirates (UAE), as part of an effort to expand its presence in the Middle East and build on its support for clients in the region.
The news comes after approvals from relevant authorities for IQ-EQ to offer a suite of investor services to clients, ranging from corporate businesses to ultra-high-net-worth individuals and family offices.
The new office, located in the Dubai International Financial Centre (DIFC), will be led by Tariq Nakhooda, senior executive officer. Nakhooda joined IQ-EQ in 2022 to establish, build and lead the initiative.
In his role, Nakhooda will work closely with Sridhar Nagarajan, IQ-EQ’s regional managing director for Africa, India and the Middle East, and Rehma Imrith, chief commercial officer for Africa, India and the Middle East.
Nakhooda comments: “Our initial Dubai operations will assist clients with their local and international structuring requirements. We plan to extend our offering to full-fledged domestic fund administration in due course, following procurement of the necessary regulatory approvals.”
He adds: “Having worked in Dubai for over a decade, I have witnessed first-hand its remarkable connectivity with the rest of the world, its strategic positioning and robust growth – making it imperative for a top global player like IQ-EQ to be part of this growing community.”
Mark Pesco, group CEO of IQ-EQ, adds: “Given IQ-EQ’s extensive network and client base in the region, we are confident this venture will be a great success.”
