Menacorp builds up UAE's largest brokerage team

(MENAFN- Khaleej Times) Menacorp, the UAE's leading investment bank, recently announced that it has recruited several high-profile senior professionals to its brokerage division operating in Abu Dhabi and Dubai to increase its total of front-office brokerage professionals to 35. The premier financial services group now has the largest brokerage force in the country and one of the largest in the Mena region. The Emirates Securities and Commodities Authority requires a minimum of two brokers per brokerage firm; most of the UAE's 50 locally-based firms currently employ a maximum of four. Menacorp's brokerage team is thus far above both the industry standard and actual practice and will exceptionally drive its sales capabilities moving forward.