Arbuthnot Latham Opens Office In DIFC

By Editorial 19 November, 2013

United Kingdom-based private banking firm Arbuthnot Latham has opened a new international office in Dubai International Financial Centre (DIFC).

The company's chief executive, James Fleming, commented on the launch: "We chose Dubai as our first international office due to our extensive knowledge and experience of the region and a genuine need in the local market for exceptional private banking and wealth management services."

He continued to explain that the banking firm's services include private banking, investment management and wealth planning solutions.

The DIFC offers firms 0 percent income tax guaranteed for 50 years, 100 percent foreign ownership, no exchange controls and a legal system based on English common law.

The governor of DIFC, Abdulla Mohammed Saleh, welcomed Arbuthnot Latham to the center, noting that a number of UK-based firms use the DIFC as a platform to service clients across the Middle East, Africa and South Asia.

Arbuthnot Latham announced the appointment of Paul Donovan and Kieran McDonnell as directors of its Dubai business, and Giles Hanson and Peter Casey as associate directors.

The company's managing director, Paul Millar, said: "We have ambitions to grow and expand our private banking business in the Middle East and we will be announcing some other key appointments in the months ahead."

Tags: Tax | Investment | Business | Banking | United Kingdom | Trade | Dubai | Free Trade Zone | Services | Expats | Africa | Middle East |


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