Switzerland-headquartered Octogone Group has received a licence from the Dubai Financial Services Authority (DFSA) to set up an office in the Dubai International Finance Centre (DIFC).
The company already has operations in Geneva, Zurich, Miami and Nassau.
The DIFC office will aim to serve local clients as well as expats living in the region through a range of wealth management services.
It will be headed by Philipp Strasky, senior executive officer of Octogone Middle East.
Strasky said: “With over 30 years’ experience in the region, the new team will bring Octogone’s expertise to the Middle East. We advise our clients on wealth and investment management with traditional as well as alternative asset classes.
“Clients’ needs in this fast‐changing world will be met by a team of professionals who we hope will be assisting them for many years to come. The flexibility of combining a presence in emerging and fast‐growing markets with traditional financial centres is at the core of our offering,”
This comes months after Octogone Group was acquired by US-headquartered Focus Financial for an undisclosed sum in April 2022.