| UK & Europe | Press releases
NEWS RELEASE: DKK Partners, a leading fintech company, which specialises in emerging markets (EM) foreign exchange (FX) liquidity, has appointed Bovill as its global compliance partner.
Bovill, will work with DKK to ensure all processes and operations meet all the appropriate compliance requirements. In addition, Bovill will provide advice and recommendations around regulatory matters, both in the UK and on a global scale.
The news comes following a record year for DKK, with revenues surpassing £63m – up from £3m the previous year. Demand for DKK’s suite of services is rising, with customers seeking FX risk management, access to deep liquidity pools, and local collections. In response to growing demand, DKK plans to open four new offices overseas in the Middle East and across Pan Africa in addition to the company’s headquarters in Mayfair, London.
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.
Khalid Talukder, co-founder, DKK Partners comments:
“In an increasingly complex world, with rapidly evolving regulatory requirements, we needed a partner that could offer the gold standard in terms of expertise to meet our compliance obligations. The Bovill team have deep industry knowledge and understanding of the requirements in all our local markets, bringing invaluable insights that will enable us to expand whilst adhering to all the necessary rules and regulations.”
Mark Spiers, Partner, Bovill comments:
“We’re excited to be working with such a fast growing, multimarket firm and provide the specialist guidance and support needed to ensure DKK can meet its regulatory obligations without hindering its ability to grow.”