TMF Group has secured regulatory approval from the Dubai Financial Services Authority to operate as a Fund Administrator within Dubai International Financial Centre, marking a significant expansion of the firm’s footprint in the Middle East’s fast-growing financial services sector.
The approval also allows the global administrative and corporate services provider to operate as a Corporate Service Provider within the financial centre. The move enables TMF Group to support clients establishing and operating businesses in DIFC while also delivering fund administration services to local and international asset managers based there.
The expansion comes as DIFC continues to strengthen its position as a leading global financial hub and a gateway for investment activity across the Middle East, Africa and South Asia. The centre has recorded sustained growth in its funds ecosystem, driven by rising demand from regional and international asset managers seeking access to emerging opportunities.
Farida Azarioh, Head of Financial Services for the Middle East, India and Africa at TMF Group, said the approval would allow the company to better support clients operating within DIFC and across the wider region. She described the development as an important step in strengthening the firm’s regional presence.
Salmaan Jaffery, Chief Business Development Officer at DIFC Authority, said TMF Group’s expertise in fund administration and corporate services would add depth to the centre’s financial ecosystem. He added that DIFC’s regulatory framework and operating environment continue to attract firms seeking to deliver cross-border services from Dubai.
News Source: Emirates News Agency
