DKK Partners announces global expansion as revenues top £63m
By Joy Dumasia
DKK Partners, an emerging markets (EM) foreign exchange (FX) liquidity provider, has announced a major global expansion as the company’s revenues surpass £63m, up from £3m the previous year.
The record growth, fuelled by high demand for DKK’s suite of services, including FX risk management, access to deep liquidity pools, and local collections, will see four new offices opened overseas in the Middle East and across Pan Africa in addition to the company’s headquarters in Mayfair, London. As well as opening new local offices, the team has increased its headcount from five to 15 full-time staff, unveiled a new brand identity and announced plans for further senior hires and local country managers in the coming months.
DKK, founded by capital markets specialist Khalid Talukder, previously of UBS, Citi & Deutsche Bank, and Dominic Duru of RBS and Citi, enables businesses to manage currency risk in frontier markets. Key services include offering virtual IBAN accounts, allowing customers to unlock access to new territories and currencies, as well as EM liquidity, giving direct access to real-time pricing and execution across the frontier, emerging, and G10 market currencies.
Dominic Duru, Co-founder of DKK Partners, comments: “It’s been an incredible year for our business, and with demand for our services surging, the time has come to open one-the-ground offices across key territories to give customers direct access to the very best consultancy. As we enter a new cycle of growth, we’re planning to make major investments in our platform, products and services, as well as hire seasoned industry experts to further develop and grow our brand. Being of African heritage, I am honoured to be able to give something back pushing our economic inclusion philosophy within emerging markets which are dear to DKK’s values.”
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