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SGX targets expansion in Dubai, drawn by hedge fund surge in UAE
The Straits Times
|September 24, 2024
Singapore Exchange (SGX) is looking at expansion into Dubai, drawn by the surge of hedge funds that have settled in the United Arab Emirates.
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An influx of SGX's clients settling in the emirate is strengthening the case for opening a new office, complementing its operations in nine other countries, SGX head of wholesale markets and platforms Lee Beng Hong said in an interview.
"Given the success we've had in the Middle East, it's the right time for us to grow our presence there," Mr Lee said. "We are actively looking at that."
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