MINT OPENS OFFICE IN DUBAI, UNITED ARAB EMIRATES
Dubai, United Arab Emirates – January 31, 2011 – MINT Partners, a global wholesale brokerage services firm, today announced the launch of a Dubai office in the Dubai International Financial Centre (DIFC).
Larry Fernando, Senior Executive Officer of MINT Dubai and Global Head of Precious Metals, will lead the office and report to Tim Bullman and Richard Barnett, Senior Managing Directors. Mr. Fernando has worked at MINT for 4 years and has 18 years experience in the precious metals market with 10 years in the brokerage industry.
Commenting on the launch, Larry Fernando said: “The increased level of activity we are seeing in The Gulf markets is encouraging and we are delighted to be operating locally in Dubai. We believe there is significant opportunity for us to leverage our global, leading position in precious metals broking to develop other financial products and enhance our client service capabilities.”
In a joint statement, Messrs. Bullman and Barnett said: “MINT will seek to expand its product offering, subject to official approval, as the office grows and develops in the future. We are optimistic that we will quickly establish a significant brand presence in Dubai that will provide a solid platform for further operational development in the Middle East and Far East.”
MINT is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global intermediary to the wholesale markets. Sean Windeatt, Chief Operating Officer of BGC added: “There is considerable growth opportunity for the MINT brand in the Europe, Middle East and Africa (EMEA) region and we are pleased to be opening an office in the heart of Dubai, an important centre of finance for the region and a key part of our global strategy to realise the brand’s potential.”