Tourmaline Partners, a provider of outsourced trading solutions, has launched a new office in Dubai International Financial Centre (DIFC), marking a key step toward the firm’s international growth strategy.
As part of this expansion, Kish Desai has moved from London office to Dubai, aimed at leading Tourmaline’s efforts in the Middle East region by taking the role of Senior Executive Officer of Dubai International Financial Centre (DIFC) Branch.
Kish Desai has over 20 years of experience in global trading and client relationship management. With strategic insight and expertise, Kish will enhance the firm’s footprint in a fast-growing market, strategically located between Europe and APAC.
“Opening a Dubai office is a natural next step as we continue to meet growing demand for our services across the globe. The region presents a tremendous opportunity, and we are confident that under Kish’s leadership, our clients will benefit from enhanced access, local expertise, and the same high-quality execution and service that defines Tourmaline globally.”
“Dubai has established itself as a key financial center. It is exciting to see the explosion of new fund managers in the region, and we are excited to contribute to that momentum and become a critical part of the ecosystem. We look forward to working closely with DIFC and other local and global stakeholders who support the growth of both asset owners and investment managers who operate and invest in the region,” added Kish Desai.
Salmaan Jaffery, Chief Business Development Officer at DIFC Authority, stated that, “We are pleased to welcome Tourmaline to DIFC’s thriving ecosystem. Their decision to establish a presence here reinforces DIFC’s position as the preferred choice for international brokerage firms looking to access Dubai’s dynamic and fast-growing financial markets. We look forward to supporting their growth journey in the region.”
Serving as a hub for regional clients and partners, the new Dubai office will offer cutting-edge trading solutions in alignment with local market dynamics.
This expansion highlights Tourmaline Partners’ commitment to delivering independent, conflict-free outsourced and supplemental trading solutions on a global scale, supporting buy-side firms and asset owners of all sizes in driving greater efficiency, transparency, and performance.
