Wealth Management House Sets Up Store In Dubai

Tom Burroughes

3 July 2017

, headquartered in the Isle of Man, has opened an office in the Dubai International Financial Centre as part of a Middle East expansion drive.

The newly-incorporated DIFC entity, Boston Corporate Services (DFIC) said it is one of “only a handful” of global providers able to incorporate DIFC Special Purpose Companies. These legal entities are used as vehicles for international investments, corporate financing, and the creation of family office structures.

As part of the development, Peter Casey, formerly an associate director of Arbuthnot Latham, has been announced as the new office’s managing director

“We have been building a profitable book of business in the Middle East for some time now, making good use of our onshore-EU Maltese offering and our offshore, non-EU Isle of Man offering to help bring structure to the international assets of wealthy Middle Eastern families,” Katherine Ellis, group director, said in a statement last week.

As well as its Isle of Man HQ and Dubai presence, the firm also operates out of Malta.