G2 manages a series of hedge fund investments in Switzerland, Russia and Latin America. The Swiss firm has portfolio of real estates investments, including hotels, agriculture and commercial and leisure sectors.
GMG will render its brokerage services to institutional clients such as banks, funds, sovereign funds, family offices, corporates and supra-nationals, and will not engage in retail business. As a broker, GMG will only be facilitating the transactions and will not be accepting or remitting funds for and on behalf of its clients.
Abdulla Mohammed Al Awar, CEO of the DIFC Authority, said: “GMG is a highly focused and specialised service provider which will add yet another facet to the regional financial services industry. There is already an appetite for specialist services of the company and with its arrival, this demand is only set to grow and deepen further.”
Marco Saviozzi, CEO of GMG, said: “We are delighted to receive a licence from the DFSA, one of the most prestigious and recognized regulator in the global financial market. Our expansion after opening in London and Paris was logically Dubai.
“As a visionary country and a perfect geographical location, our DIFC office will allow GMG to cover local clients and provide them with prices from emerging markets to European, Asian and US products. Our strong team of senior brokers will assure a professional and dedicated service to our institutional clients.
“GMG intends to fill the niche as the market leader in local fixed income execution for institutional clients. Already we have seen tremendous appetite from the GCC clients to have a 100% focused broker on those products.”
