The organisation was founded at a time when the United Arab Emirates had been building its credentials as a centre to attract family offices and ultra-high net worth individuals.

The Emirates Family Office Association, formed in 2023, has appointed His Excellency Dr Ahmed Al Banna as board chairman.

EFOA’s founder, Adam Ladjadj, will become vice chairman and continue a hands-on role at the organisation, it said in a statement today.

The Emirates Family Office Association is an independent, not-for-profit organisation designed to support the UAE’s family office community.

His Excellency Dr Al Banna holds roles such as those of CEO and major shareholder in Dubarch Architectural Engineering Interior Design Consultancy, and had been a deputy director general of the Dubai Chamber of Commerce & Industry, among other positions.