DUBAI: India's Religare Securities Limited (RSL) has signed a strategic partnership with a leading brokerage firm in the West Asian region, Mubasher Financial Services (MFS), to attract the cross-border investment opportunities.
The alliance will enable Mubasher clients to trade on Religare's platform and access opportunities in India. In the similar fashion, Religare clients will use Mubasher's platform to access global markets such as the US, the UK and Europe.
The collaboration aims to cover a wide range of cross-border trading and investment opportunities.
From Mubasher's perspective, Non Resident Indians (NRIs) and Qualified Foreign Investors (QFIs) will enjoy access to opportunities in India.
According to Religare's point of view, its million clients will now benefit from Mubasher's online trading platforms while looking into international markets.
“Today, India as an investment destination cannot be ignored by any global investor and we are very excited to partner with a leading broker like MFS to offer this opportunity to NRIs and QFIs from GCC,” said Jayant Manglik, President, Retail Distribution, Religare Broking.
On the other hand, the growing wealth in India has also triggered a demand for international trading products and investment opportunities.
CEO of Mubasher, Malek Kanawati, said, “We will leverage on our extensive experience in West Asian and western financial markets to work with Religare and innovate market leading technology platforms and investment opportunities to Indian clients.”