Mirae Asset Establishes Office in DIFC With Fund Licence Approval
Mirae Asset Global Investments has opened an office at the Dubai International Financial Centre (DIFC), enhancing its presence to serve investors across the Middle East. The firm also secured a Prudential Category 3C Regulatory Licence from the Dubai Financial Services Authority, enabling it to manage and distribute collective investment funds for institutional clients in the Gulf Cooperation Council region. The move is part of Mirae Asset's broader regional strategy aimed at strengthening relationships with distribution partners and expanding its reach among institutional investors, family offices, and members of the Indian diaspora. The company manages over $400 billion globally across 22 markets in Asia, offering a range of investment products including equities, fixed income, ETFs, and private market strategies. DIFC CEO Arif Amiri highlighted that Mirae Asset's decision reinforces Dubai’s position as a global hub for wealth and asset management. The DIFC currently hosts 592 registered wealth and asset management firms among its total of over 10,000 active companies.
Topics: financial services Middle East expansion regulatory licensing