La Cloche Wealth Management, part of Switzerland’s La Cloche Group, has unveiled a new regional office in Dubai, as the firm expands its foothold in the Gulf region.

La Cloche Wealth Management, part of Switzerland’s La Cloche Group, has unveiled a new regional office in Dubai, as the firm expands its foothold in the Gulf region.

LCWM was granted a licence from the Dubai Financial Services Authority in order to provide local clients with access to various major banks in Dubai, Singapore in addition to offerings across structured products to private banking. 

"We established our offices in DIFC to enable us to be at the heart of the financial sector in the UAE and the GCC as a whole. Our growth into the GCC market was an inevitable outcome as a result of our proven success around the world in addition to our long list of existing clients in the region, we feel that this market represents an opportunity for ourselves and our clients," said senior executive officer Manal Al Omari.

As part of the financial free zone, the Dubai International Financial Centre, the firm will become part of a financial and business hub, which since its launch in 2004, counts over 1,000 active registered firms, including top banks, money managers, insurers, and law firms.

LCWM already has its team in place, following the launch of the Dubai arm of the firm in August 2013. In addition to wealth management services, the group offers trading services and investment platforms for the finance industry, from its London-based subsidiary, La Cloche Capital Markets.