Edmond de Rothschild, EnTrust Global, Nomura and The Family Office join DIFC to tap into wealth across region

Edmond de Rothschild, EnTrust Global, Nomura and The Family Office join DIFC to tap into wealth across region

Dubai, UAE: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, has attracted several notable names recently, taking the total number of wealth and asset management companies to over 300.

The growth milestone reaffirms DIFC's position as MEASA’s top financial centre for wealth & asset management (WAM) companies looking to access the vast pools of wealth in Dubai, UAE and the wider region. Establishing in DIFC provides unrivalled access to the region’s competitive and globally connected markets as well as deep pools of talent and expertise.

DIFC’s 300 WAM firms represent an industry size of USD 450bn. More than 150 funds were domiciled in the centre by the end of 2022. This saw robust growth during the first quarter of 2023, reinforcing the centre’s commitment towards providing a conducive environment for businesses in the region – a primary driver for economic growth.

The financial centre’s world-class legal and regulatory framework, coupled with a collaborative approach between clients, regulators and DIFC Authority, have bolstered the depth and breadth of its asset management ecosystem.

With USD 517bn of wealth in Dubai, the highest in any Middle Eastern city, there continues to be strong interest from