Quilter Cheviot’s Dubai office has successfully secured a Category 4 licence, having previously operated within the DIFC (Dubai International Financial Centre) as a representative office.

The new licence will allow the team to advise and on-board new clients and service relationships on the ground, giving the team increased interaction with those interested in the firm’s investment management services.

The Dubai Financial Services Authority has also granted Quilter Cheviot’s Dubai office a retail endorsement to its licence, allowing the local team to assist a cross-section of both professional and retail clients. The license upgrade will also allow the team to work more closely with IFA partners.

“After three successful years in the region, I am delighted that we have obtained a Category 4 licence. Investors in the Middle East are now far more knowledgeable about their investments, and pleasingly many are opting for the services of a discretionary fund manager to help them meet their financial goals. To now be able to advise clients on their investments and work more closely with the financial adviser community will undoubtedly help us to build stronger relationships with them,” said Head of Quilter Cheviot’s Dubai Office, Mark Leale.

The firm’s Dubai representative office opened in April 2016, with Mark Leale and Regional Development Manager, Keith Owen, based there full time. Both Mark and Keith have a combined 34 years’ experience in the region.

Whilst investors in the DIFC will now be able to speak directly to the Dubai office, the portfolios will continue to be looked after by highly experienced investment managers in Quilter Cheviot’s Jersey office.

“We have seen great success in the region and will look to continue building relationships with financial advisers, private clients, family offices and professional service providers. All our clients benefit from the service of having a fully qualified investment manager as their relationship manager, and each portfolio is tailored to meet their own unique circumstances,” Mark added.

Quilter Cheviot is headquartered in London, with 12 offices across the UK, Ireland and Jersey. Parent company Quilter plc is a leading global wealth management business listed in the UK.

Investors should remember that the value of investments, and the income from them, can go down as well as up. Investors may not recover what they invest. Past performance is no guarantee of future results.

Any mention of a specific security should not be interpreted as a solicitation to buy or sell a specific security.

For more information please contact:
Sophie Gorman (Quilter Cheviot) sophie.gorman@quiltercheviot.com  0207 150 4246
Neha Popat (Quilter Cheviot) neha.popat@quiltercheviot.com  0207 150 4366

About Quilter Cheviot
Quilter Cheviot, part of Quilter plc, is one of the UK’s largest discretionary investment firms and can trace its heritage to 1771. The firm is based in 12 locations across the UK, Jersey and Ireland and has total funds under management of £23.7bn (as at 31 March 2019). Quilter Cheviot focuses primarily on structuring and managing bespoke discretionary portfolios for private clients, charities, trusts, pension funds and intermediaries.

About Quilter Cheviot Limited
Quilter Cheviot Limited is a private limited company, registered in England with number 01923571, whose registered office is at One Kingsway, London, WC2B 6AN, England; is a member of the London Stock Exchange; is authorised and regulated by the UK Financial Conduct Authority; has established a branch in Jersey, and is regulated under the Financial Services (Jersey) Law 1998 by the Jersey Financial Services Commission for the conduct of investment business and funds services business in Jersey, and by the Guernsey Financial Services Commission under the Protection of Investors (Bailiwick of Guernsey) Law, 1987 to carry on investment business in the Bailiwick of Guernsey; has established a branch in the Dubai International Financial Centre with number 2084 which is regulated by the Dubai Financial Services Authority. Accordingly, in some respects the regulatory system that applies will be different from that of the United Kingdom. This material is being issued by Quilter Cheviot Limited (DIFC Branch) (“Quilter Cheviot DIFC”). Quilter Cheviot DIFC is regulated by the Dubai Financial Services Authority (DFSA).

About Quilter plc:
Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £114.9 billion in investments (as at 31 March 2019).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions; and discretionary fund management.

The business is comprised of two segments: Advice and Wealth Management and Wealth Platforms.

Advice and Wealth Management encompasses the financial advice business, Quilter Financial Planning; the discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

Wealth Platforms includes Old Mutual Wealth UK platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.

The Quilter plc businesses are being re-branded as follows:

  • Quilter Financial Planning (previously Intrinsic)
  • Quilter Private Client Advisers (previously Old Mutual Wealth Private Client Advisers)
  • Charles Derby Group (becoming Quilter Financial Advisers)
  • Quilter Financial Adviser School
  • Quilter Cheviot
  • Quilter Investors
  • Old Mutual Wealth (becoming Quilter Wealth Solutions in 2020)
  • Old Mutual International (becoming Quilter International in 2020)

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc. Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270. Registered in England.

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