swissglobal acquires Indigo Financial to boost UAE foothold
Financial solutions provider swissglobal has acquired financial consultancy Indigo Financial Analysis & Consultancy. The move comes as swissglobal seeks to supplement rapid organic expansion with strategic acquisitions while tapping local expertise in Middle Eastern markets.
swissglobal is investing significant capital in upgrading processes and technology at Indigo Financial – that is regulated by the Securities & Commodities Authority, UAE. The acquired firm will continue to operate as a sub-brand under the aegis of swissglobal, with its products and services added to swissglobal’s portfolio.
“We are very pleased to have agreed a buyout with a firm as experienced and reputable as Indigo Financial Analysis & Consultancy. This acquisition helps swissglobal boost the local talent and reach needed to serve a rapidly-expanding regional client base. Indigo Financial is a recognised brand regulated by the SCA, and fits with our credo of delivering world-class levels of customer service, professionalism and transparency to financial solution provision in regional markets. The brand’s existing client base will benefit from the same personalised care, but with an even broader range of global solutions tailored to their specific needs,” said Mike Coady, CEO for swissglobal.
swissglobal’s acquisition of Indigo Financial Analysis & Consultancy builds on an ambitious growth plan to cope with rising demand as regional audiences become more discerning, and heave towards established brands guaranteeing conformity with exceptional international standards. Indigo Financial’s local market reach, and insight into regional client preferences bolsters swissglobal’s mission of bringing Swiss-grade financial solutions to Europe and the Middle East.
swissglobal remains in potential acquisition talks with a number of potential GCC firms. The Group is also exploring M&A opportunities in Europe the Middle East and Southeast Asia.