Edmond de Rothschild Group has strengthened its long-term commitment to the Middle East region and furthered its investment with the opening of an advisory office in Dubai International Financial Centre (DIFC).
Edmond de Rothschild (Middle East) Ltd. will be able to locally advise clients and ensure access to the group’s offerings. Historically, Edmond de Rothschild has established strong connections across the Middle East, serving clientele from Switzerland and Europe, the group’s main hubs.
The new UAE presence will enhance ability to serve clients by providing state-of-the-art services ensuring better proximity to the clients as well as capturing important market opportunities.
The DIFC office will be led by Ali Raza Syed, Senior Executive Officer and Saman Habiban, Chairman and Market Leader.
“Dubai is the city in the Middle East with the highest concentration of wealth and has access to more than $3 trillion of private wealth within an hour’s flight, which makes DIFC the preferred choice for wealth and asset management firms. We are delighted that Edmond de Rothschild has chosen DIFC as their home in the region,” said Essa Kazim, Governor of DIFC.
“Growth opportunities are vast and attracting such a prestigious industry name reinforces Dubai and DIFC’s reputation as the preferred business destination to access the region. Edmond de Rothschild’s conviction driven approach and actions on sustainable development align with our principles to drive the future of finance through innovation and supporting economic growth in our societies.”
“For more than 250 years, our bank has helped clients preserve and grow their assets by combining performance and sustainability, while approaching investments with a pioneering mindset. Expanding our presence in the UAE was a natural choice, given Dubai’s spectacular growth for a long time along with DIFC’s expertise and world-class services,” said Ariane de Rothschild, Chair of the Board, Edmond de Rothschild Group.
“Moreover, most of our clients in the region have family-driven business models and their success is based on innovation, strong convictions and action. We share their entrepreneurial and pioneering spirit in proactively addressing present and future needs and challenges.”
“Dubai is a leading financial and economic centre offering unprecedented opportunities, and where the group has been developing its client base for the past ten years. This opening enables our clients in the region, including the expat community-based in Dubai, to further capitalise on our international expertise, particularly in the private markets,” Saman Habibian, Market Leader Middle East & Africa, Edmond de Rothschild.
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