Del Gatto Diamond Finance Fund strengthens commitment to UAE, and announces appointment of former ABN Amro Executive, Rajiv Jain as Regional Director
January 04, 22
PRESS RELEASE
Chris Del Gatto, Chairman and CEO, of Del Gatto Diamond Finance Fund (DDFF) headquartered in New York announced the appointment of Rajiv Jain as the Regional Director to spearhead DDFF's continued growth in the UAE and India.
"We are very proud to have Mr. Jain as part of the growing DDFF team. Rajiv is one of the diamond industry's most recognized and well respected bankers, with over three decades of international experience. Most recently heading ABN Amro's Diamond & Jewelry business in Dubai, he has a solid understanding of the industry, and will be instrumental in both managing our growth, as well as achieving DDFF's objectives in the region. Moreover as alternative financing becomes the standard for much of our industry, we see key people like Rajiv leaving the traditional structures. Rajiv joins a wonderful team that also includes Pierre De Bosscher who was the former CEO of Antwerp Diamond Bank". said R. Andres Lucas, Co Founder & Managing Director.
DDFF has become one of the largest lenders, and the leading non-bank lender to the diamond, jewelry, and luxury watch industries globally. The fund's clients range from publicly traded diamond mining companies, to De Beers and ALROSA contract buyers, polished diamond traders, estate jewelry and colored stone houses, as well as high-end watch wholesalers. DDFF prides itself on a deep industry understanding, with a unique heritage; they are diamond people first and bankers second.
"We are not a lender of last resort, nor are we a direct comparison to bank finance. We finance large, strategic purchases, as well as offer other services such as cutting and marketing in the US for our clients. We provide capital to smart companies that have buying opportunities, but either don't have, or don't want to use all of their own capital. This strategy is the reason that we have some of the industry's largest players as clients, as well as why we have had only one default with over 230 companies to date. We are pleased to continue our investment in Dubai, as the DMCC and U.A.E. have done a remarkable job in positioning Dubai as a global hub for the industry and establishing our operations here is a natural corollary", said Chris Del Gatto.
About DELGATTO Diamond Finance Fund
DELGATTO Diamond Finance Fund, headquartered in New York with offices in Dubai, Johannesburg, is a finance company founded and operated by diamond and jewelry industry experts. As the largest non bank lender to the industry, it has since its inception in November 2018, financed over 230 companies worldwide. Working across the spectrum of the industry, from site holders and mining companies, to smaller polished dealers, traders, retailers and manufacturers.
DDFF provides purchase financing for diamond and jewelry industry participants through its flexible, repeatable and scalable platform to enable its clients to achieve their financial objectives. To learn more about the firm, please visit www.delgattodff.com