Fidor launches in Dubai, hires new MD

Germany’s Fidor is expanding its digital banking offering to Dubai. The challenger bank, which last year launched in the UK, is also bringing onboard Gé Drossaert as its MD for the region.

“For a while now we’ve seen a significant increase in the number of enquiries from companies in Asia, Africa and the Middle East wanting to improve their digital services”, says Matthias Kröner, CEO of Fidor. “It was only a matter of time before we began expanding our business to other countries. The Dubai Silicon Oasis is an ideal location for this project, because it’s one of the biggest free zones in the Middle East, with more than 1,000 companies already installed.”

Gé Drossaert has spent over 20 years in the banking and IT sectors and began his career at ABN AMRO Bank, where he held various posts including that of vice president. “With Gé we’ve attracted a highly experienced banking professional from the world of financial IT. He will take over the key responsibilities in Dubai, playing an active role in implementing and developing the national and international sales strategy”, says Kröner.

By Scott Thompson

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