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Northstar sets up in the Dubai International Finance Centre

Northstar News

Bermuda-based Northstar Financial Services has opened an office in the Dubai International Financial Centre (DIFC) and appointed Sanjeev Chowdhury as principal representative. 

Regulated by the Dubai Financial Services Authority (DFSA), the office has been set up to support financial advisors distributing the firm’s international investment solutions across the Middle East and Africa (MEA). 

Northstar first announced plans to launch a Middle East office eariler this year. 

Chowdhury previously played a key role in building Sun Life International’s presence in the Middle East, having also worked in the Dubai branches of Standard Chartered and ABN Amro.

Market gap

Vice chairman Mark Rogers, who is spearheading the firm’s MEA initiative, said: “I am delighted Sanjeev has decided to join Northstar and I am excited about what we can achieve in the region. “There is a gap in the market for tried and tested investment solutions for international clients. Northstar’s compelling products and highly experienced team are ideally placed to help financial advisors fill that void.” 

Chowdhury said: “I am thrilled to be partnering again with my former colleagues Mark and Alejandro Moreno at Northstar. Now that the firm is regulated by the DFSA and has an office in the DIFC, I look forward to further consolidating its activities in the Middle East and Africa.”

Established in Bermuda in 1998, Northstar focuses solely on providing financial solutions to non-US clients and offers a range of fixed-rate and variable investment plans to a global client base. In addition to Bermuda and Dubai, the company also has offices in London and the US. 

Source: International-adviser