ICICI Securities inaugurates its Oman Branch
Published on Wed, Nov 05, 2008 at 18:15 , Updated at Wed, Nov 05, 2008 at 19:19
Source : Moneycontrol.com

ICICI Securities Ltd, one of India’s largest financial services firm, today announced the inauguration of its branch in Muscat, the capital of Sultanate of Oman. H.E. Yahya Bin Said Bin Abdullah Al-Jabri, Executive President CMA and H.E. Anil Wadhwa, the Indian Ambassador to Oman along with Mr Anup Bagchi, Executive Director, ICICI Securities Ltd inaugurated the new facility.

Mr Anupam Guha has been appointed as the Country Head of its operations in Oman.

ICICI Securities has received a license from the Capital Market Authority (CMA) to undertake business activities under the license of “investment advice” in Sultanate of Oman. ICICI Securities is the first Indian financial services firm to set up a branch in Oman under the license given by CMA. ICICI Securities plans to offer several investment opportunities to the residents of Oman.

Mr. Anup Bagchi, Executive Director - ICICI Securities Ltd said at the inauguration, “I am extremely delighted to open a world-class investment facility to the residents of Oman. Our investment advisory services is not just aimed at the more than 5,00,000 Indians in Oman but also at the other residents of Oman. We are committed in offering end-to-end investment solutions to our customers and it is our endeavour to offer a suite of multi-channel, innovative and convenient products catering to different customer requirements. “

ICICI Securities intends to cater to the large NRI Diaspora based in Oman through its online trading platform - ICICIdirect.com. The branch will also cater to their other investment and financial requirements. ICICIdirect.com recently launched its online Futures and Options (F&O) trading facility for Non Resident Indians. ICICIdirect.com has NRI customers in more than 100 countries. It has 1.7 million customers.

The Branch will offer ICICI Group Global Private Clients services, an exclusive offering that brings a host of services, privileges and lifestyle benefits to HNI NRIs, PIOs, HNI Omani residents and family offices. The services will offer a gamut of investment opportunities comprising of global mutual funds, collective investment schemes, hedge funds, private equity funds, structured products, alternate investments to name a few.

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