Luxembourg-based investor services provider IQ-EQ has bolstered its presence in India with the opening of an office in the country’s first ‘smart’ city.
The new business will be based in Gujarat International Finance Tec-City, known colloquially as Gift City.
It is the firm’s fourth office in India.
The teams in Noida and Hyderabad support IQ-EQ’s global office while the Mumbai and Gift City businesses cater for the domestic market.
The firm has been busy expanding internationally in the last year, opening offices in Dubai and Abu Dhabi.
“Our new office presents an opportunity to service the Indian asset management and investment community for both their inbound and outbound investments, as well as for global entities to invest in India using Gift structures,” said Atul Muchala, IQ-EQ’s managing director for India who will be responsible for leading the new office along with the existing team in Mumbai.
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