Press Release - Varengold Wertpapierhandelsbank AG

Press Release
Varengold Wertpapierhandelsbank AG continues to expand – New office opens in
Dubai with focus on foreign exchange electronic trading.
Varengold Wertpapierhandelsbank AG
Grosse Elbstrasse 27 ⋅ 22767 Hamburg ⋅ T +49.40.66 86 49 0 ⋅ F +49.40.66 86 49 49 ⋅ www.varengold.de ⋅ info@varengold.de
Bankverbindung: Dresdner Bank AG ⋅ BLZ 200 800 00 ⋅ Konto 310 652 400 ⋅ Str. Nr. 27/210/00500
Registergericht Hamburg: HRB 73684 ⋅ Vorstand: Steffen Fix ⋅ Yasin Sebastian Qureshi
Aufsichtsrat: Willi Müller (Vorsitz) ⋅ J.M. Manteuffel ⋅ Prof. Peter Andree
Hamburg, March 3, 2009
Varengold Wertpapierhandelsbank AG, the first German investment bank with focus on the
field of managed futures, is opening a new office in Dubai in March, thus continuing its
international expansion strategy. The focus of business activities in Dubai will be on the
capital market business segment and primarily on forex, which is among the core business
fields of the investment bank founded in Hamburg in 1995. Appointed as head of the Dubai
site is Ilja Perschbacher, managing director MENA. “We are very pleased that we can now
serve our quickly expanding regional client base directly from this strategically important
financial center,” says Perschbacher. “As part of our on-site services, we will also offer
regular seminars providing an in-depth look at topics and trading opportunities in the foreign
exchange market.” These seminars will be held on every first and third Wednesday of the
month at the offices of Varengold Bank. Interested parties can request additional information
at dubai@varengold.de.
With its new office, Varengold is providing efficient access for investors in the Middle East to
the foreign exchange market, the world’s largest and most liquid market. Under the brand

name “Varengoldbank FX,” the German investment bank offers an interactive, powerful and
user-friendly trading platform on which currency pairs can be traded 24 hours a day.
Yasin Sebastian Qureshi, founder and member of the management board of Varengold
Wertpapierhandelsbank, pointed out on the occasion of the opening of the offices: “In recent
years, Dubai has become one of the fastest growing financial centers. The legal and
regulatory framework, along with a continually growing demand for finance products and
services of high quality, offer attractive growth prospects for a successful asset manager.
With our fourteen years of experience as specialist in Germany in the area of managed
futures, we provide investment products with an above average performance in addition to
an innovative trading platform to traders and investors in the Middle East.”
Varengold’s foreign exchange trading technology enables traders that make speculative use
of the exchange rate between two currencies to execute transactions around the clock.
“Exchange rates can be affected by many factors: global economic growth, political events,
interest rate differentials between currencies, as well as extreme weather conditions such as
hurricanes or geopolitical events – factors which we, as specialists for managed futures,
monitor and analyze continuously,” Quereshi continued. “At the beginning of our market
activities in Germany, we built up and consistently improved the capital markets area as part
of our own risk management. By now, more than 7,000 clients are making use of our
brokerage services.”
In addition to the brokerage offering, Varengold also provides investors in the region with the
opportunity to participate in the development of the managed futures products of the
company, for example in the fund of funds hedge fund HI Varengold CTA Hedge, which just
recently for the second time in a row won the title of best fund in the category Alternative
Investments with an annual performance of 16.26%.

Address:
Varengold (Dubai)
2nd Zabeel Road, World Trade Center
P.O.Box 78404
Dubai
U.A.E.
Phone: +971 4 3289 080
Fax: +971 4 3289 341
Contact:
Ilja Perschbacher
Managing Director –MENA
i.perschbacher@varengold.de
Simultaneous to the Dubai office opening, the company is launching the new internet page
Varengold Bank FX (varengoldbankfx.com). In addition to comprehensive and constantly
updated information concerning foreign exchange trading, the web pages offer state-of-theart
technologies for successful trading. These include Fox Mobil (mobile trading via the
mobile phone), Fox Trader (real time trading in more than 21 currency pairs) and Fox
Professional (the option to implement a proprietary trading system).

Notes to editor:
Founded 14 years ago, Varengold Wertpapierhandelsbank AG was the first German investment bank that
focuses exclusively on the field of Managed Futures belonging to the class of systematic quantitative hedge fund
strategies.
Varengold was founded by Steffen Fix and Yasin Sebastion Qureshi in 1995 in order to offer German investors
access to international managed futures strategies. The investment bank currently has 35 employees. Its core
business segments are Asset Management with managed futures and Capital Markets Brokerage (securities
processing / brokerage). In-house developments of managed futures strategies comprising financial products
traded on the securities, bond, commodity and foreign exchange stock markets were the company’s priority
during its founding years. For the last eight years, the investment bank has been acting mainly as fund of funds
manager and focuses on the assessment and selection of external managed futures managers from a worldwide
network. At first, Varengold developed the business segment Capital Markets in order to support its own risk
management, Today it provides services for more than 7,000 customers worldwide who use these services to
trade with futures, options, CFDs and Forex.
In addition to its headquarters in Hamburg, Varengold also has service-support offices in Shenzhen (China),
Zurich (Switzerland) and Dubai (U.A.E).
Further information about Varengold can be found at www.varengold.de
Further information about Managed Futrues can be found at www.varengold.de/KnowledgeBase
contact On behalf of Varengold Wertpapierbank
Christina Tilli Charles Barker Corporate Communications, Irina Kobboldt
T +49.40.66 86 49 52 T +49.69.7940 90 30
c.tilli@varengold.de irina.kobboldt@charlesbarker.de