Dubai's newest stock broker opens
DUBAI: Dubai's newest, independent stock broker announced today that it has been granted a brokerage licence to operate in the United Arab Emirates.
MAC Sharaf Securities (U.A.E.) LLC., is a joint venture between the Sharaf Group, Mohammed Abdul Rahim Al Ali and McMillen Advantage Capital Limited ("MAC"). Seven international brokers and corporate advisors, based in London, Tokyo, Paris, Hong Kong, Geneva and Bangkok are all shareholders of MAC and will all support the growth of MAC Sharaf.
Mr. Sharafuddin Sharaf, MAC Sharaf's Chairman, said of the new joint venture "Our partners bring a tremendous amount of experience in the securities market to Dubai and intend to show case the U.A.E. to the World through their international network of brokers."
"We will be a very different type of broker in this Market" said Robert W. McMillen, MAC Sharaf's Vice Chairman and founder of MAC. "Our group's fundamental research product, technical analysis and high level of corporate governance, all supported by our international partners, will be available to all our clients in both the U.A.E. and internationally. We will also use the latest online systems and provide trading, research and real-time access to our clients online."
Michael Fernandez has been appointed Managing Director of MAC Sharaf. He believes that "We have recruited an excellent team, with the right blend of enthusiasm and experience and with an aggregate industry experience of over 50 years, 15 of those on the DFM."
MAC Sharaf's Head Office will be at Suite 134 Building, Gold and Diamond Park, Interchange 4, Sheikh Zayed Road, P.O. Box 122723, Dubai, U.A.E. and at the Company's principal contact number are;
Sales: Tel: +971-4-409 7102
Research: Tel: +971-4-409 7140
-Ends-
EDITOR'S NOTES:
MAC Sharaf Securities (U.A.E.) LLC, is a stock broker, fully licenced by the Emirates Securities and Commodities Authority and with a seat on the Dubai Financial Market.
MAC Sharaf's Shareholders are;
Sharaf Investments LLC - 25.5%
Major General Mohammed Abdul Rahim Al Ali - 25.5%
McMillen Advantage Capital Limited - 49.0%
100.00
The Directors of MAC Sharaf are;
Sharafuddin Sharaf - (Chairman)
Robert W. McMillen - (Vice Chairman)
Yasser Sharaf - (Director)
Jassim Al Ali - (Director)
Michael A.W. Fernandez - (Director and Managing Director)
The International Shareholders of MAC Sharaf, include;
Company | Professional | Country |
Quam Securities Co., Ltd. | Stock Broker and Investment Bank | Hong Kong |
Lloyd Edward-Jones | Investment Bank | France |
Killik & Co. | Stock broker | United Kingdom |
Banque Morval | Private Bank | Switzerland |
Capital Partners Securities Co., Ltd. | Stock broker and Investment Bank | Japan |
Knight Asset Management | Fund Manager | Hong Kong |
Syrus Securities Plc. | Stock Broker | Thailand |
MAC Sharaf's Key Executives in Dubai are;
Managing Director :Michael Fernandez
Sales Team : Nour Al Zoubi
Amjad Bakir
Mohammed Bastaki
Abdullah Al Rustamani
Hamda Al Ali
Head of Research : Sanyalak Manibhandu
Head of Operations : Manish Goel
For further information on MAC Sharaf, please visit its website at www.mac-sharaf.com
Mr. Sharafudin Sharaf
Chairman
Suite 134 Building,
Gold and Diamond Park
Interchange 4,
Sheikh Zayed Road, P.O. Box 122723,
Dubai
U.A.E.
Mr. Robert W. McMillen
Vice Chairman
Suite 134 Building
Gold and Diamond Park
Interchange 4,
Sheikh Zayed Road, P.O. Box 122723,
Dubai
U.A.E.
Tel: +971-50-289-2938
Email: rwm@mac-sharaf.com
Mr. Michael Fernandez
Managing Director
Suite 134 Building
Gold and Diamond Park
Interchange 4,
Sheikh Zayed Road, P.O. Box 122723,
Dubai
U.A.E.
Tel: +971-4 409 7144
Email: mawf@mac-sharaf.com
Mr. Mohammed Bastaki
Senior Equity Sales and Emitarisation Officer
Sales
Suite 134 Building
Gold and Diamond Park
Interchange 4, Sheikh Zayed Road,
P.O. Box 122723, Dubai
U.A.E.
Tel: +971-4 409 7111
Email: mabdullah@mac-sharaf.com
© Press Release 2007
