Earlier this year, an investment firm, Lunate, took a strategic stake in Azura, helping to fuel its business growth.

Monaco-headquartered Azura Partners, a UHNW wealth manager, has opened an office in Abu Dhabi Global Market, it announced yesterday.

The Abu Dhabi office is open and operational in Al Maryah Tower in ADGM.

Yousef Hajjar has been appointed CEO of Azura Partners Abu Dhabi. A partner of the firm since January 2020, Hajjar will lead the expansion of Azura’s presence in the region, the firm said.

The new office has been established after Abu Dhabi-based Lunate, an independent global investment firm with more than $115 billion in AuM, took a strategic stake in Azura, as reported here.

“Abu Dhabi has established itself as a leading international financial centre and an important hub within the global wealth ecosystem,” Hajjar said. “Establishing our presence in Al Maryah Tower within ADGM is an important milestone for Azura, and one that reflects the strength of the relationships and opportunities we see in this market.” 

Azura was founded in 2019 by Ali Jamal (pictured), a wealth manager who formerly worked at Julius Baer. The firm has seven global offices including Monaco, Geneva, London, New York, Miami, Singapore and Dubai.