Rothschild & Co has launched a new wealth management office in Dubai, aimed at offering independent investment advice to ultra-high-net-worth individuals, entrepreneurs, charities, and foundations.
Situated in the Dubai International Finance Centre (DIFC), the office is now fully operational and led by Sascha Benz, a senior banker relocated from Switzerland. Clients will gain from enhanced access to local advisers, backed by a Geneva-based Middle East team.
The office operates under a DFSA Category 4 license, the company revealed.
“As our Wealth Management business continues to grow substantially, we are excited to be able to strengthen our presence in the Middle East with our new office in Dubai,” said Laurent Gagnebin, CEO of Rothschild & Co’s Wealth Management business in Switzerland.
“With Sascha’s experience and existing broad network of qualified clients among local investors, business owners and wealthy local and international families, we are confident of growing a strong Wealth Management client base in the region, working closely with our successful Global Advisory and Five Arrows businesses here.”
Saeed Al Awar, Partner and Head of the Middle East at Rothschild & Co, added: “This expansion signifies Rothschild & Co’s increasing commitment to the wider region by bringing another of its key businesses here, building upon our strong and leading presence in the Middle East and in the financial advisory space.”
The strategic expansion is expected to enable the firm to leverage cross-divisional synergies with its Global Advisory business. This division, established in the region in 2008, has been offering services including M&A, debt advisory and equity advisory to a broad spectrum of clients.
