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DKK, FX liquidity provider, plans to expand in Africa as revenue tops £63m – Businessamlive.com

BY Business AM

DKK Partners, an emerging markets FX liquidity provider, is set to complete its planned major expansion into Africa after posting revenue in excess of £63m in its most recent annual financial reports.

Last year revenue was £60m and this year’s £3m growth was due to high demand for its suite of services, including FX risk management, access to deep liquidity pools and local collections. It is now planning to open four new offices in the Middle East and across Africa in addition to its headquarters in Mayfair, London.

In a statement the London-based company sent to Business AM, it said that in addition to new offices it has also been busy in the recruitment market with an increase in headcount from five to 15 full-time employees, as well as the unveiling of a new brand identity, adding, that more senior hires and local Country Managers are planned in the coming months.

The firm, founded by capital markets specialist Khalid Talukder, formerly of UBS, Citi and Deutsche Bank, and Dominic Duru of RBS and Citi, enables companies to manage currency risk in frontier markets.

Dominic Duru, co-founder of DKK Partners

Key services include offering virtual IBAN accounts, allowing clients to gain access to new territories and currencies, and EM Liquidity, providing direct access to real-time pricing and execution in frontier, emerging and G10 currencies allows.

“It has been an incredible year for our company and with the increasing demand for our services it is time to open central offices in all major territories to give clients direct access to the very best advice. As we enter a new growth cycle, we plan to invest heavily in our platform, products and services, and hire experienced industry professionals to further develop and grow our brand. As an African descent, I’m honored to give back as we advance our philosophy of economic integration in emerging markets, which are very close to DKK’s values,” said Dominic Duru, co-founder of DKK Partners.

The company was founded in 2020 by couple Talukder and Duru as an EM forex liquidity provider developing strategies and methodologies that help companies and institutions manage currency risks more effectively and develop sharp prices.

“As specialists in our field, we focus on three key areas: FX risk management, FX liquidity and local collections. Our exact solutions will vary based on your circumstances, but the quality of our approach can be seen by working with us,” the company said in a statement to Business AM

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