Operating under a DFSA Category 4 license, Rothschild & Co. has founded a wealth management office in Dubai which provides independent investment advice to ultra-high net worth families, businesses, charities, and foundations.
Senior banker Sascha Benz, who moved from Rothschild & Co. in Switzerland, is in charge of the newly opened Dubai office, which is situated in the Dubai International Finance Centre (DIFC) and is currently fully operational. With the help of the seasoned Middle East team based in Geneva, clients will have more access to locally based advisers.
Establishing a local base in Dubai is critical to Rothschild & Co’s ambitious wealth management expansion strategy, which involves investing in regions where it has a strong network and reputation.
Moreover, Rothschild & Co’s Global consulting division is one of the important independent financial consulting firms in the Middle East, having provided experienced M&A, Debt Advisory and Restructuring, and Equity Advisory services to a diverse range of clients for than 20 years.
Laurent Gagnebin, CEO of Rothschild & Co’s Wealth Management business in Switzerland, stated: “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. 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, shared: “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 expansion will enable us to directly and strategically provide holistic advice to families and entrepreneurs on their long-term journey.”
Sascha Benz, Rothschild & Co’s head of wealth management, Middle East commented: “This strategic expansion is a testament to our commitment to strengthening client engagement in the region. As a financial centre with impressive demographics and a growing GDP per capita, Dubai is a highly attractive market for us. Its international positioning acts as a gateway to the entire Middle East region.”
“Rothschild & Co bolsters its Middle East development” was originally created and published by Private Banker International, a GlobalData owned brand.
