St. James’s Place Middle East marks two years in Dubai

As the UAE continues its emergence as a global financial centre, the UK’s largest financial advisory business and international wealth manager, St. James’s Place has marked its second year in the emirate, predicting further growth as capital flows into the region.

May marked the second anniversary since SJP Middle East obtained regulatory approval from the Dubai Financial Services Authority (DFSA) and established its base at the Dubai International Financial Centre (DIFC). Since establishing its base in Dubai, the firm has experienced rapid growth, driven by the need for individuals to manage complex international assets across borders, says partner Daniel George.

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The UK-headquartered firm, which manages over $258 billion for more than one million clients worldwide, has also benefited from the significant number of Britons relocating to the UAE in recent years, drawn by its thriving job market.

"The UAE is clearly a hotspot for individuals looking for a high-growth, pro-business environment," says George. "We are seeing clients move to the UAE for different reasons. It is great that we can help internationally mobile individuals manage their wealth across borders and make the most of the opportunities this region affords."

SJP expects further growth in the coming years as clients look to relocate to the UAE, attracted by its competitive tax landscape and attractive lifestyle.

"We are extremely positive about the growth prospects for this region and continued economic growth across the UAE," George added.

To learn more about St. James’s Place Middle East, visit: www.sjp.ae.