Thomson Financial Establishes Presence In The Middle East
Thomson Financial Selects Dubai International Financial Centre as Base in the Region
LONDON, 08/07/2006, Thomson Financial, an operating unit of The Thomson Corporation (TSX: TOC, NYSE: TOC), and leading provider of information and technology solutions to the worldwide financial community, today announced that it has opened an office in the Dubai International Financial Centre (DIFC).
Assem O. Kabesh, Chief Business Development Officer and Board Member at the DIFC, said: “Access to reliable market and historical data is important to ensure transparency of financial markets, in line with the high standards set at the DIFC. Investors, lenders and corporates will undoubtedly benefit from Thomson’s leading data services and ability to accurately quantify the region’s growing financial markets”.
Mark Jackson, Head of Middle East Sales, Thomson Financial, commented: “Thomson Financial has worked with financial services companies in the Middle East region for over 10 years. The launch of the Dubai office fits with our strategy to drive international growth and secure new revenue streams. Our clients are eager for us to participate in the regions development in relation to market transparency and disclosure, given our unique position in providing workflow solutions for the Investment Management, Investment Banking and Corporate communities. We are excited by the opportunities presented from developing our Middle East business from Dubai.”
Thomson Financial has a range of solutions offered to clients through its market leading Thomson ONE application framework. Allowing for the easy integration of content and tools from Thomson Financial, third parties and clients own proprietary systems; Thomson ONE can be configured to the specific needs of the Investment Management, Investment Banking, Private Equity, Wealth Management, Corporate, Institutional Equity, Institutional Research and Fixed Income communities.
Thomson ONE draws on content contained within Thomson Financial’s market leading products which include Thomson Datastream the world’s largest historical time series database, Thomson First Call and IBES Estimates, Thomson SDC deal data and Thomson Worldscope fundamentals.
Finally, Thomson Financial has signed an agreement with Estarta Solutions, an international IT solutions provider headquartered in Amman, Jordan, to provide sales and implementation support in the Middle East and North Africa (MENA) region for Thomson PORTIA. Thomson PORTIA is the investment industry’s most comprehensive portfolio management system used by over 300 money managers in 40 countries, managing more than ten trillion dollars in assets.
About Thomson Financial
Thomson Financial is a US$1.9 billion provider of information and technology solutions to the worldwide financial community. Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results. Thomson Financial is part of The Thomson Corporation (www.thomson.com), a global leader in providing integrated information solutions to more than 20 million business and professional customers in the fields of law, tax, accounting, financial services, higher education, reference information, corporate e-learning and assessment, scientific research and healthcare. With revenues of US$8.5 billion, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
About the DIFC
The DIFC is an onshore hub for global finance with world-class regulations and standards. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services.
The DIFC offers its member institutions incentives such as 100 per cent foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. Members benefit from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.
The DIFC is made up of the following core bodies:
The DIFC Authority (DIFCA) - Responsible for the Companies and Security Registries and attracting financial and non-financial institutions to the DIFC. (www.difc.ae)
The Dubai Financial Services Authority (DFSA) - An independent, unitary regulatory authority, responsible for the regulation of all DIFC operations. Its principle-based primary legislation is modelled on that used in London and New York and its regulatory regime operates to standards that meet or exceed those in major financial centres. (www.dfsa.ae )
The Dubai International Financial Exchange (DIFX) – A liquid and transparent electronic market trading securities, bonds and derivatives. The DIFX provides access to regional and international capital and investment opportunities. (www.difx.ae )
The DIFC Courts - An independent court system that upholds the provisions of DIFC laws and regulations, the courts provide comprehensive legal redress in civil and commercial matters within the DIFC. ( www.difccourts.ae )
- Contact Information
- Alex Brog
- Director, Public Relations, Europe
- The Thomson Corporation
- Contact via E-mail
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