Titan Wealth, formed in London, has announced a major expansion to its business in the Gulf.

Titan Wealth International has added 11 team members, including seven financial advisors and four administrative and support colleagues.

Joining from Abacus Financial Consultants LLC, the team will support the growth of Titan Wealth’s presence in the United Arab Emirates, the firm said in a statement late last week. 

“Their technical expertise, deep understanding of the UAE market, and relationship-led approach make them a natural fit for our business,” Tyla Phillips, international managing director, Titan Wealth International, said of the team. 

Titan Wealth, which was formed in 2021, is headquartered in London. It serves clients domestically as well as overseas through its operations in the Channel Islands and the UAE. Today, Titan Wealth has about £45 billion ($60.3 billion) of assets under management or advice.

The expansion of such a business in the Gulf comes at a time when wealth managers, family offices, banks and other firms working with high net worth and ultra-HNW clients continue to set up operations, obtain licences and add to teams. Last month, this news service examined the forces shaping the Gulf region wealth market, finding a mood of cautious optimism for the medium term.