The Gulf region’s financial services provider Mondial recently announced a merger that will see it become part of one of the largest offshore Independent Financial Advisory (IFA) firms in the world. The new firm, Financial Partners International (FPI), will be headquartered in Hong Kong with established offices in the United Arab Emirates (UAE), China, Indonesia, Japan, Malaysia and Thailand.
By synergizing market positions throughout the Middle and Far East regions, FPI plans to ensure client-focused investment advice from over 130 consultants, stated a press release. FPI plans to invest in the recruitment, training and retention of its advisors.
Mondial signed merger documents in November 2001with TTG Hong Kong, Pacific Financial Services of Indonesia, Stirling Macguire of Japan and Professional Portfolio International of Thailand.
With more than 40 financial consultants from 16 different nationalities, Mondial is an offshore insurance and investment brokerage, specializing in financial planning services and wealth management for expatriates. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
