SOURCE: DS-Concept Factoring GmbH

DS-Concept Factoring GmbH

December 12, 2013 09:00 ET

DS-Concept Relocates Middle Eastern Office to Dubai

MONCHENGLADBACH, GERMANY--(Marketwired - Dec 12, 2013) - The DS-Concept group has begun the process of establishing its new Middle East office in Dubai. Following the closure of the Cairo office in September, the key staff is moving to the United Arab Emirates with the goal of establishing the new DS-Concept office in the Dubai International Financial Centre free zone.

Founded in 2000 as DS-Concept Factoring GmbH in Germany, DS-Concept provides international trade finance and cross-border factoring to SMEs on a global basis. With its headquarters in Germany, the firm has grown over the past 13 years to include a world-wide network of offices and affiliates.

Hans-Peter Schöttler, Regional Manager of DS-Concept Middle East, previously CEO of Euler Hermes Hungary and subsequently Managing Director of Euler Hermes India, has overseen the merging of operations and personnel, and is optimistic about the transition: "By relocating the office and refocusing our presence in the financial capital of the region, we believe we can bring our services to the broadest possible market while maintaining the world-class execution that DS-Concept has become known for."

The DS-Concept group (http://www.ds-concept.net/en) maintains a network of offices and affiliates all over the world, particularly in the USA, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain and China, as well as the headquarters in Germany. Combining credit protection, collections, and financing into a single suite of trade finance products, DS-Concept brings streamlined, best-in-class services to the world's small and mid-market.

About DS Concept

DS-Concept is an international trade financing expert, which has set itself the objective of ensuring liquidity to exporters. To meet that goal, DS-Concept assumes currency fluctuations and provides an optimized cash flow solution to its customers. With offices in ten countries across four continents, the DS-Concept Group (www.ds-concept.net) maintains the network necessary to provide its services to its customers around the globe.

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