Press Releases

Inter-Alliance Worldnet Announces Globaleye Deal

Subsidiary of Inter-Alliance International (part of Inter-Alliance Plc) finally concludes a deal with Dubai based IFA.

Inter-Alliance WorldNet (IAW) is delighted to announce that Globaleye Group, the Dubai based IFA is to join IAW as a full member with immediate effect. Tim Searle, Chief Executive Officer of Globaleye, has been appointed Regional Director, Middle East for IAW and will spearhead their recruitment campaign in the Middle East. The Dubai based brokerage will also operate as a "Business Hub" for other IFAs in the region, providing "same time zone, same jurisdiction" administration, marketing and support services.

Globaleye was established in 1996 with headquarters in the United Arab Emirates and operates under the sponsorship of a member of the local ruling family of Dubai. Total annual turnover for Globaleye exceeds £1m and they have 16 qualified financial advisers and 4 full time administrative staff including sales coordinators. With over 3,500 clients made up of mainly English speaking expats worldwide, Globaleye is one of the largest brokerages in the Middle East. Recognised as an innovator in the region, Globaleye prides itself on its client service culture and professional standard of staff. Recently relaunched, the Globaleye website www.globaleyegroup.com further complements their proactive e-marketing, lead generation and online portfolio management services.

This announcement marks an early success in the recently launched recruitment campaign at IAW, and is seen as a key development in Inter-Alliance International's strategy to becoming the dominant brand for international independent financial advice. Tim Searle will report to Brian Cosgrave (CEO, Inter-Alliance International and Managing Director, IAW).

IAW has recently re-launched its website (www.iaworldnet.com) and final preparations are being put in place for the marketing seminar being held in Limassol, Cyprus commencing 18th May. The seminar, entitled "Prospering in a Changing Market", is open to existing and prospective members and although there are a few places left, IAW expects the final places to be confirmed within days.

Brian Cosgrave, Chief Executive of Inter-Alliance International and Managing Director of Inter-Alliance WorldNet, said -

"I am delighted to be able to welcome Tim and his team on board. It is well known that we have had talks over quite a long period of time and, indeed, we have become very good friends as a result. In Tim, Inter-Alliance WorldNet has gained an individual with great experience of the Middle East financial services market and in Globaleye we have a team of professionals who will enhance the reputation of Inter-Alliance worldwide. I am looking forward to working with Globaleye and to expanding our presence throughout the Middle East.

Tim Searle, Chief Executive Officer, Globaleye Group, said -

"The link with Inter-Alliance WorldNet provides Globaleye with the platform and the credibility to expand our business. I have already discussed a number of initiatives with Brian (Cosgrave) and I believe that we will make significant progress in attracting not only new advisers to Globaleye, but also existing IFAs, already operating in the region, into IAW. We have the infrastructure in place to provide quality services to our consultants and to other WorldNet members and with the boost to our business potential through our association with Inter-Alliance, we know that we can come to dominate the market in the Middle East.