MAC Capital has been granted a licence by the Dubai Financial Services Authority (DFSA) to operate and establish its headquarters in the Dubai International Financial Centre (DIFC).
From its DIFC office, MAC Capital will offer a full range of financial services, including mergers and acquisitions, listings, underwriting, corporate advisory and securities brokerage with a focus on cross-border transactions.
MAC is a leading corporate finance house for Middle East-Asia business flows.
MAC Capital has become fully operational with a strong multi-national team and is positioned as a leading and independent investment bank based in the DIFC with global reach.
The MAC Group is the result of a global collaboration of financial institutions and prominent business people. It was established last year by chairman Robert W McMillen to provide best-of-breed international investment banking and brokerage expertise to and from the Middle East.
It has developed a reputation as a specialist advisor in mid-tier cross-border transactions and as a leader in local equity research.
Through its local brokerage affiliate, MAC Sharaf Securities, it provides brokerage services on the Dubai Financial Market and the Abu Dhabi Stock Market.
“There are tremendous prospects for us to bridge divide between clients. There are abundant opportunities here, as identified by our worldwide network, and as such it was a natural decision to establish MAC Capital’s international headquarters in the DIFC,” McMillen said.