Barjeel Geojit: Expanding into Fund Management

Barjeel Geojit

Barjeel Geojit, a prominent financial services provider in the UAE, has announced its expansion into fund investment management after receiving approval from the Securities and Commodities Authority (SCA). This move marks a significant milestone as Barjeel Geojit becomes one of the first intermediaries in the mainland to obtain an SCA license for managing investment funds.

Sheikh Sultan Sooud Al Qassemi, the chairman of Barjeel Geojit Financial Services, expressed his enthusiasm during a press conference in Dubai, highlighting the importance of the SCA's regulatory overhaul in facilitating this development. He emphasized Barjeel Geojit's role in contributing to the growth of the local Fund Management industry, aligning with the UAE's vision to establish itself as a financial hub.

C. J. George, the managing director of Geojit, shared insights into the company's upcoming initiatives, starting with the launch of an India-centric "Fund of Funds" (FoF). With assets under management exceeding $11 billion, Geojit aims to leverage its expertise to curate a basket of existing funds from regulated jurisdictions, enabling UAE investors to tap into the potential of the Indian capital markets.

Highlighting India's status as one of the world's fastest-growing economies, George emphasized the strategic importance of investing in funds that capture the diverse sectors and segments driving India's growth story. He stressed that the UAE and GCC countries offer promising opportunities for investors seeking exposure to global markets.

K.V. Shamsudheen, a director at Barjeel Geojit, underscored the immense potential of the India-focused fund, citing India's trajectory towards becoming a $5 trillion economy. He noted that investors in the UAE can benefit from the growth narratives of both local and global markets, reflecting a strategic alignment with investors' interests and regulatory frameworks.

Barjeel Geojit outlined plans to introduce a range of funds catering to different investment preferences, including equity, debt, real estate, and more. The company also expressed interest in exploring end-of-service benefit funds, aligning with recent announcements by government authorities.

Krishnan Ramachandran, the CEO of Barjeel Geojit, emphasized the company's commitment to extending its reach to a wider audience through local investment funds. He highlighted the company's robust risk management processes and dedicated research capabilities, positioning Barjeel Geojit as a trusted facilitator in investors' wealth-building journeys.

Established in 2001, Barjeel Geojit has been instrumental in assisting UAE residents in managing their financial investments across various asset classes. With a customer base of 50,000 individuals, the company offers access to investment opportunities in global and Indian markets, aiming to empower investors and drive financial growth.