The firm provides expertise on the introduction of IFRS 9, Fatca, common reporting standards (CRS) and other financial regulatory regimes around the world.
The new office is part of the company’s expansion in the Middle East and will allow it to better serve its existing clients in the UAE and across the region, the firm said in a statement.
AxiomSL currently has offices in many of world’s major financial hubs including London, Luxembourg, Singapore and Hong Kong.
“We regularly review our global structure to ensure that we are able to serve our clients wherever they need our services,” said Ed Royan, chief operating officer for EMEA at AxiomSL.
“The timing is right for an office launch in Dubai as we are seeing growth opportunities in the region, building on our 25-year track record of assisting top tier banks efficiently manage their calculations and regulatory reporting.”
Tariq Hajwane, head of business development for MEA, said: “I am delighted to have the opportunity to be part of an exciting new chapter in AxiomSL’s ongoing development.
“We look forward to bringing AxiomSL’s global experience to support financial institutions across the Middle East, to address current and ongoing regulatory requirements and support those banks with a global presence who are subject to multi-jurisdiction reporting requirements.”
