Alta to open Middle East branches, sees private deal flow jumping 10 times
South-east Asian digital securities exchange for alternative investments expects expansion, more allocation to asset class to drive increase
Add BT as a preferred source
[SINGAPORE] The growing investor appetite for alternative assets is leading Alta Group, which runs a digital securities exchange for such investments, to set its sights on expanding to the Middle East.
The Singapore-based company, which claims its Alta Exchange is the largest such platform in South-east Asia, said it is likely to open up to two branches in the next few months. These could be either in Saudi Arabia or United Arab Emirates (UAE), Kelvin Lee, co-founder and chief executive, told The Business Times.
“We’re ready to go... deciding between Saudi Arabia or the UAE is the main question,” he said, adding that if Alta decided on the latter, it would be in Abu Dhabi, likely with 10 employees.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Is it time to scrap COE categories for cars?
