Zurich-headquartered private wealth services provider 1291 Group has unveiled an operation in the Dubai International Financial Centre (DIFC).
It is the company’s second entity in the UAE, as it has been active in the Dubai Multi Commodities Centre (DMCC) since 2018.
The DIFC office currently has seven employees, but the firm hopes to expand the team to 12 soon.
The group will provide a range of private wealth solutions to ultra- and high net worth clients.
Marc-André Sola, 1291 Group chairman, said: “A global migration of wealthy families is currently taking place. Our focus is on protecting these families and their assets. Dubai offers stability, modern infrastructure, first-class schools and is highly tolerant of different religions and nationalities.
“Many of the families moving to Dubai are from other countries and require not only financial advice, but also multi-jurisdictional planning.
“We want to establish new partnerships with key local players and strengthen existing partnerships so that our range of services becomes even broader and more attractive.”
1291 Group has operations across Europe, Asia, Middle East, the Caribbean and the Americas.