HAMILTON, Bermuda, July 25, 2016 /CNW/ - Northstar Financial Services (Bermuda) Limited is pleased to announce the opening of its Dubai office and the appointment of Sanjeev Chowdhury as Principal Representative. Situated in the Dubai International Financial Centre and regulated by the Dubai Financial Services Authority, the office has been established to support financial advisors distributing the firm's international investment solutions across the Middle East and Africa. Mr. Chowdhury previously played a key role in building Sun Life International's presence in the Middle East, having prior to that worked in the Dubai branches of Standard Chartered and ABN AMRO.
Northstar's Vice Chairman, Mark Rogers, who is spearheading the firm's Middle East and Africa initiative, commented: "I am delighted Sanjeev has decided to join Northstar and I am excited about what we can achieve in the region. There is a gap in the market for tried and tested investment solutions for international clients. Northstar's compelling products and highly experienced team are ideally placed to help Financial Advisors fill that void."
Sanjeev Chowdhury commented: "I am thrilled to be partnering again with my former colleagues Mark and Alejandro Moreno at Northstar. Now that the firm is regulated by the DFSA and has an office in the DIFC, I look forward to further consolidating its activities in the Middle East and Africa."
Established in 1998, Northstar has always been solely focused on providing financial solutions to meet the needs of non-US clients and offers a range of attractive fixed-rate and variable investment plans to a global client base. The firm's fixed-rate products offer competitive guaranteed interest rates coupled with the option of added principal protection. Northstar's variable products offer investors access to a broad selection of funds from a range of leading asset managers, with unlimited free transfers between underlying investment options. All Northstar products provide clients with segregated account protection, generous liquidity terms and a variety of commitment periods, as well as the benefits of a Bermuda trust structure, which include financial security, privacy and enhanced wealth transfer flexibility. Working with an extensive range of distribution partners such as banks and other financial institutions, Northstar has clients in over 100 countries.
Northstar specializes in investment products designed to help non-U.S. citizens achieve their financial goals. Northstar offers a range of both variable and fixed-rate investment plans within a Bermuda trust structure and the firm's products are sold globally via a network of banks, securities dealers and other financial intermediaries. Northstar products are not available to US persons or citizens or residents of Bermuda. Certain Northstar products may not be available to prospective investors in certain jurisdictions.
Northstar is regulated by the Bermuda Monetary Authority and is a Segregated Accounts Company.
SOURCE NorthStar Financial Services (Bermuda) Limited
For further information: Northstar Financial Services (Bermuda) Ltd. +1-441-296-1351, [email protected], http://www.northstarfinancialservices.bm