DFSA grants license for Equiom Group to launch Trust Company in DIFC

DFSA grants license for Equiom Group to launch Trust Company in DIFC

Equiom Group, a global professional services provider, has been granted a license by the Dubai Financial Services Authority (DFSA) to operate as a Trustee for private and corporate clients in the Dubai International Financial Centre (DIFC).

The Hong Kong-based Equiom launched its first DFSA regulated business in the DIFC in 2019 as a branch of its Isle of Man office before changing its license over to a fully-fledged subsidiary under the new operating name of Equiom Fiduciary Services Middle East Limited.

This new license builds on the organization’s growing presence in the Middle East and will provide a wider breadth of services for the group in the region. The subsidiary will see the introduction of a full range of trust and fiduciary services, the ability to establish and administrate Trusts and Foundations for private and corporate clients around the world, as well as the ability to operate Employee Money Purchase schemes in the DIFC.

Hugh O’Donnell

Head

Equiom Fiduciary ME “This is a truly exciting time for Equiom. Holding a local trustee license will allow us to increase our range of services to clients locally while harnessing the breadth of Equiom’s global reach to also attract business from other parts of the world. Equiom continues