DDGI Limited (Bahrain) will be DDCAP’s 4th business hub, expanding the Group’s existing footprint in Dubai, Kuala Lumpur and London. A ground presence in Bahrain will enable DDCAP to explore new market opportunities locally and serve to further strengthen and support its valued client base throughout the GCC.
Stella Cox CBE, DDCAP Group Managing Director, said “DDCAP is privileged that the Bahraini authorities have approved our opening. Since our inception almost 25 years ago, we have been honoured to include Bahrain and the numerous members of its significant, financial sector community within our business and services offerings. Bahrain and its financial authorities have a well-deserved, long-standing reputation for pioneering thought leadership and empowerment of Sharia’a compliant financial services. This is substantiated by an evolved Islamic financial architecture and the proactive approach to the development and offering of Islamic financial services by the Bahraini financial institutions and their regulators. Bahrain also hosts a number of key Islamic market infrastructure organisations, including CIBAFI and also AAOIFI and the IIFM, of which DDCAP is proud to have membership and enjoy a collaborative relationship in working to further global industry standards and initiatives. We greatly look forward to our new presence enabling our closer engagement with our clients, counterparties and partners. It will be our privilege, as a locally represented business, to play our small part in supporting Bahrain’s vision for its future growth and the development of its economy”.
DDCAP is also pleased to confirm that Rod Hawkes has joined the Group as its Chief Representative in Bahrain, where his focus will be on the further positioning of DDCAP and ETHOS AFP™ Treasury services and fintech solutions with clients and partners across the GCC. Rod has worked worldwide as a senior broker in the financial markets for over 40 years and has amassed vast experience of FX, Derivatives, Money Market and Islamic products during that time. Rod began his career in London and progressed to hold senior positions with TP ICAP and BGC Groups in New York, Sydney and Toronto. He has spent the last 20 years in the Middle East working in Kuwait, Dubai and Bahrain. Throughout his career, Rod has built strong relationships with many banks and financial institutions worldwide and he looks forward to continuing to work with his numerous valued contacts in the GCC.
Lawrence Oliver, Group Deputy CEO said “we are delighted to have Rod join us at DDCAP. We welcome his exceptional experience across diverse financial markets and geographies and look forward to the contribution that he will make to developing our business locally and regionally.”
