Doo Holding Group Expands Global Blueprint with New Bahamas Office
International financial services group Doo Holding's subsidiary Doo Prime celebrates its entry into the Bahamas market to begin dealing in securities and asset management
HONG KONG, Feb. 25, 2020 /PRNewswire/ -- Doo Holding Group has officially established an office in the Bahamas for its sub-brand Doo Prime Bahamas, lifting the veil on a new location.
Doo Holding’s subsidiary Doo Prime celebrates the opening of new Bahamas office to begin dealing in securities and asset management.
The establishment of the Bahamas office indicates that the company can begin trading in securities and asset management. Doo Holding is further heightening its position in the finance industry and diversifying its business portfolio.
Doo Holding Group COO Mark Grand said the official establishment of the Bahamas office was part of its strategic expansion plan. Doo Prime is providing service to more than 109,800 satisfied customers across the world. Besides, its institutional-grade infrastructure has supported more than 150 institutional customers.
"Doo Holding, after years of development, has grown into a comprehensive financial services group with fintech as its core. It is actively diversifying its product availability, so traders can choose from a diverse portfolio ranging from global stocks, forex, futures, precious metals, digital currencies, and CFDs.
"Our licensed representatives, compliance officers, and traders are local veterans who have been engaging in banking, securities trading, and asset management for more than 20 years.
"The establishment of the Bahamas office is an excellent development opportunity for us to deepen our involvement in securities trading, asset management and other areas of expertise," said Grand.
Besides, Doo Holding has applied to the Bahamas Financial Regulatory Commission and will obtain its broker-dealer license within two months.
The Bahamas is an offshore financial centre in the world with a comprehensive financial and legal system and a thorough financial regulatory system.
The legislative framework of the financial services industry in the Bahamas is highly modernised and is fully supervised by the Central Bank of the Bahamas, the Bahamas Insurance Commission, the Bahamas Securities Commission and the compliance committee.
All licensed financial institutions in the Bahamas are required to have local offices, two licensed representatives, and a compliance officer and a trader.
The Bahamas requires that the client's fund must be sound and reasonable, and professional liability insurance shall be purchased for the client, and the financial institution must submit annual financial statements audited by international standards to ensure the full safety of the client's fund.
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