The office in the DIFC is regulated by the Dubai Financial Services Authority (DFSA) and will be responsible for the promotion of a full range of trust and fiduciary services.
The company will offer clients; including high net worth individuals, family offices and corporations, private wealth and end of service gratuity (EoSG) services.
For the latter, Equiom has a trustee solution for organisations that wish to enhance their existing EoSG obligations to their employees in line with UAE Labour Law.
The DIFC office will be run by the head of Equiom Fiduciary – Middle East, Gary Hales, who is acting as the senior executive officer.
Growing in the Middle East
Equiom’s global chief executive, Sheila Dean, said: ‘The establishment of Equiom in the DIFC is a very exciting milestone for us, allowing us to provide our core trust and fiduciary services to the growing Middle East market.
“We are looking forward to growing our already strong presence and furthering our ability to assist both current and new clients with all of their private wealth and corporate needs.”
The opening of Equiom in the DIFC marks the sixteenth office globally, and the fourth for the Equiom Group in the UAE.
Equiom made its first entry into the UAE with the acquisition of corporate services provider Links Group in September 2016.