Monday, Jun 03, 2013
(This article was first published on Sunday.)
DUBAI (Zawya Dow Jones)--National Bank of Fujairah (NBF.AD) on Sunday said it has opened a new subsidiary in Dubai's financial centre that will offer financial advisory services in a bid to serve as an alternative to big international investment banks or consultancy firms.
NBF, a corporate lender listed in Abu Dhabi which has Dubai and Fujairah shareholders, said NBF Capital Limited would offer loan syndication, mergers and acquisitions, business formation and corporate restructuring. It will be headed by P.B. Das, the lender's former head of wholesale and institutional banking.
"We are seeing a growing demand for financial advisory services from companies that may not have the inclination or wherewithal to recruit the services of big, multinational investment banks and consulting firms, and are confident that NBF Capital can serve as a viable alternative," said chief executive Vince Cook.
Write to Nicolas Parasie at nicolas.parasie@dowjones.com
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(END) Dow Jones Newswires
03-06-13 0349GMT
