Global financial advisory business The Fry Group has officially opened in the Middle East after receiving its licence to serve clients based in the Gulf region.
Located in the Dubai International Financial Centre (DIFC), the business is regulated by the Dubai Financial Services Authority (DFSA).
The driver for The Fry Group to open in the Middle East is the significant potential for the business, the firm said.
In an interview with International Adviser late last year, Stuart McCulloch, market head for The Fry Group Middle East, said: “There are more than a quarter of a million Brits living in the Middle East compared with approximately 30,000 in Singapore.”
Jeremy Woodley, chairman and managing director, said of the office launch: “We have looked after the needs of British clients for 120 years with a proven track record in the UK, Belgium, Singapore and Hong Kong.
“Now, we bring that experience and approach to the Middle East, where we aim to be the go-to firm for the discerning expat. We will provide access to a range of different experts across tax, investment, estates and wills, and take a team approach to ensure the best possible advice and outcomes.”
McCulloch added: “There is a huge opportunity for us to bring our approach to financial planning services to a market that is crying out for professionally qualified advisers that operate under strong governance models, and provide intelligent solutions with fair and transparent charging structure.”
