DKK Partners to bring Emerging Markets liquidity to Middle East and Africa
DKK Partners is set to expand globally, with the opening of four new offices overseas in the Middle East and across Pan Africa in addition to the company’s headquarters in Mayfair, London.
The emerging markets (EM) foreign exchange (FX) liquidity provider has taken such steps to address high demand for its suite of services, including FX risk management, access to deep liquidity pools, and local collections.
The expansion plans come on the heels of increased revenue, now at £63 million, up from £3 million the previous year. The opening of new local offices will naturally require increased headcount and DKK Partners has already added 10 full-time staff and plans further senior hires and local country managers in the coming months.
The announcement comes as DKK Partners unveils a new brand identity.
An emerging LP for EM FX
Dominic Duru, Co-founder of DKK Partners, commented: “It’s been an incredible year for our business, and with demand for our services surging, the time has come to open one-the-ground offices across key territories to give customers direct access to the very best consultancy.
“As we enter a new cycle of growth, we’re planning to make major investments in our platform, products and services as well as hire seasoned industry experts to further develop and grow our brand. Being of African heritage I am honoured to be able to give something back pushing our economic inclusion philosophy within emerging markets which are dear to DKK’s values”.
DKK Partners was founded in 2020 by Dominic Duru (ex-RBS and Citi) and Khalid Talukder (ex-UBS, Citi & Deutsche Bank) as an emerging markets (EM) FX liquidity provider.
The firm is specialized in emerging markets FX and develops strategies and methodologies that help corporates and institutions more effectively manage currency risk and develop sharp pricing.
FX risk management, FX liquidity, and local collections are the main three focus areas as part of the LP’s bespoke solutions. Key services include offering virtual IBAN accounts, allowing customers to unlock access to new territories and currencies, as well as EM liquidity, giving direct access to real-time pricing and execution across of frontier, emerging and G10 market currencies.