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| 12 September, 2018

DIFC marks remarkable growth in asset management sector

The number of registered companies and specialist global advisors in the Centre has increased to more than 200, including 13 of the world’s top 25 firms in the sector

Modern architecture Gate Tower, DIFC, Dubai. Image used for illustrative purpose.

Modern architecture Gate Tower, DIFC, Dubai. Image used for illustrative purpose.

Core Savills/Handout via Thomson Reuters Zawya

DUBAI: Dubai International Financial Centre (DIFC) is continuing to achieve remarkable growth in its wealth and asset management sector with world-leading firms working at impressive scale within the centre.

The number of registered companies and specialist global advisors in the Centre has increased to more than 200, including 13 of the world’s top 25 firms in the sector. DIFC is also home to over 60 significant funds, making it the leading fund domicile in the region.

DIFC’s strategic position as a bridge from the region across the world enables companies to manage their interests throughout the MEA and South Asia region and beyond, including Asia, Europe and Africa, from their base in Dubai.

DIFC Authority CEO Arif Amiri said: "The wealth and asset management sector is a cornerstone of a thriving financial services industry, and as DIFC has developed into a top global financial centre, it has become one of our hallmarks."

"Major financial institutions see Dubai and DIFC as a preferred platform to access investment opportunities and sources of investment across regional and global markets," he stated.

"To date, The Centre has seen consistent and significant growth in this field, reflecting the industry’s ongoing confidence in Dubai and DIFC. We expect to see this growth continue as we introduce new regulations to our attractive legislative and business environment in line with our ambitious 2024 Strategy," remarked Amiri.

"Our flexible structures, which also benefit private wealth management and family trusts, continue to give us the edge we need in accordance with the needs of the market and internationally-recognised best practices," he added.

DIFC is home to the regional headquarters of 13 of the world’s top 25 wealth and asset managers, with Fidelity International recently joining the Centre.

Registered as FIL Distributors International Limited, Fidelity International has been licensed by DFSA and will manage its asset management business in the Middle East and South Africa from the Centre, marking the latest growth milestone in the DIFC community.

Trade Arabia: Copyright 2017 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. ( www.Syndigate.info ).

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