Cornerstone, the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, has announced that it has expanded into the Middle East with the opening of an office in Dubai.
The new office will be led by Robert O’Brien who has joined Cornerstone, as general manager APAC and Middle East. O’Brien was previously at Vorto Trading, where he was the largest revenue generator and built a business line based on inward investment into the UK from Asian clients.The group has established the new office to market its foreign exchange and international payment management services to foreign investors in Dubai and particularly to Asian investors acquiring real estate in the Emirate. The board believes this represents a significant and expanding market opportunity owing to the increasing foreign investment in Dubai real estate, which has been accelerated by the Covid-19 pandemic and is supported by a number of government incentives. At present, the group will not be undertaking regulated financial activity in Dubai.
Robert O’Brien further added that it is a vibrant financial hub that is receiving a sharp rise in international investment interest, particularly in real estate. They are well-placed to support foreign businesses or individuals seeking to invest in Dubai by removing the headache of currency and payments management. Having worked as a partner of Cornerstone for a number of years, he is familiar with the strength of the platform and is impressed with the dedication and ambition of the Board and management team.
