The Dubai-based Investment and Business Management Centre (IBMC) Group has obtained sub broker licence with Cochin Stock Brokers Ltd, the fully owned subsidiary of Cochin Stock Exchange Ltd, to provide Indian financial services to NRIs under the name of IBMC Associates.

The objective of IBMC is to provide adequate professional financial services and support to NRIs to invest in Indian financial markets. IBMC has already set up its corporate office in Kochi, and will start its branch operations in Kozhikode and Thiruvananthapuram by January next year.

To support Non Resident Keralites, the company will start its outside Kerala branch operations at major Indian cities shortly. NSE and BSE online trading will be undertaken by IBMC soon, Mr P.K.Sajith Kumar, Director and CEO, IBMC, said. The company has also conducted a seminar on ‘Global Outlook of Indian investments' here, which was inaugurated by the State Industries Minister, Mr Elamaram Kareem.

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