UK-based wealth management firm Bentley Reid has announced the opening of its Dubai office, Bentley Reid (DIFC) Limited.

The company has been incorporated in the Dubai International Finance Centre (DIFC) and granted a category 4 regulatory licence by the Dubai Financial Services Authority (DFSA).

The DFSA category 4 licence enables Bentley Reid to arrange and advise on its holistic wealth management services from DIFC.

Bentley Reid CEO, Peter Clark, has relocated from the UK to Dubai, seeking to help establish the new operation.

The company has secured an office in the DIFC’s new Funds Centre.

“We are thrilled to build on the firm’s growth of the past few years,” commented Clark.

“Bentley Reid has been helping high and ultra-high-net-worth international families with their wealth management needs for over 40 years.

“Our vast experience with expat clients in Hong Kong, in particular, makes opening a Middle East office a natural next step.

“We believe our discreet and highly personalised, service-led approach will appeal in what is clearly a fast-growing market.”

DIFC Authority chief business development officer, Salmaan Jaffery, added: “We are delighted to welcome Bentley Reid to DIFC’s vibrant and growing financial community.

“Originally founded in Hong Kong with a strong UK and European presence today, Bentley Reid’s decision to establish a presence in the Centre reflects DIFC’s continued appeal to respected wealth and investment managers with a global mandate.

“We look forward to supporting Bentley Reid as they expand their footprint and connect with the opportunities available from the Middle East, Africa and South Asia’s leading financial centre.”

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