- Edmond De Rothchild to open an advisory office in Dubai.
- The institution plans to hire 5 people this year in Dubai.
- The financial firm has issued a license to advise the clients.
Edmond De Rothchild, a financial group, provides services such as private banking, wealth management, etc. The Group is planning to open a consulting office in Dubai. Even though they have a regulatory office, they plan to enhance its ability to serve clients.
The institution has achieved a category 4 advisory license from the Dubai International Financial Centre that helps them advise the clients and provide the institution’s offerings.
Edmond De Rothchild plans to hire five or more people in Dubai annually.
“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,” DIFC Governor Essa Kazim said.
Dubai is arising as a place for Hedge funds and commercial institutions. Fifty hedge funds have joined recently, with over $1 trillion in assets waiting to be licensed.
Dubai has set up a market for Hedge funds, making the business run easily and filling the industry’s capital requirements, including Millennium Management, ExodusPoint Capital Management and BlueCrest.
Dubai has joined Switzerland, Luxembourg, and Monaco in Edmond De Rothschild’s international asset management and private banking network.
Edmond De Rothschild plans to grow the business connection in the region and may even incubate in Saudi Arabia.
Edmond De Rothschild
Edmond De Rothschild as La Compagnie Finanière is a financial group particularized in private banking and asset management. Providing services like Real estate, private banking, private equity, fund management, wealth management, corporate finance etc.
The Group was founded in 1953 in Paris. The institution provides financial services globally, based in Geneva, Switzerland. LCF launched its first fund of funds in 1964 after the institution opened its branches in Geneva and Luxembourg.
The Group’s president is Ariane De Rothschild, and the CEO is Francois Pauly.
Dubai International Financial Centre
Dubai International Financial Centre has issued the Edmond De Rothschild Group license. The license will permit them to advise the clients.
Dubai International Financial Centre is a financial hub for Middle, East, Africa and South Asia companies. DIFC offers their client 100% ownership and 50 years guarantee of zero tax on corporate income and profits.
DIFC was founded in 2002 and started operating in 2004. The headquarter is in Dubai, UAE. The President is Sheikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, and the CEOs are Arif Amiri (Authority CEO) and Saleh Al Akrabi (Property CEO).
Edmond De Rothschild, a financial firm, opens a consulting office in Dubai. The Group has obtained a category 4 license that will allow them to advise the clients and provide the Group offerings. Edmond De Rothschild is planning to increase connections in the region.