Edmond de Rothschild, EnTrust Global, Nomura, The Family Office join DIFC

Edmond de Rothschild, EnTrust Global, Nomura, The Family Office join DIFC

Dubai: Edmond de Rothschild, EnTrust Global, Nomura Singapore Limited and The Family Office Company recently joined the Dubai International Financial Centre (DIFC), the authority said on Tuesday. Edmond de Rothschild had its official office opening last month and already has strong relationships throughout the Middle East. EnTrust Global manages $18.1 billion in assets for more than 500 institutional investors. Nomura Singapore provides a full range of services to both institutional and private clients, while The Family Office Company is an independent wealth management firm. The DIFC is now home to over 300 wealth and asset management companies. The growth milestone reaffirms DIFC’s position as a top financial centre for wealth and asset management companies looking to access the vast pools of wealth in Dubai, UAE and the wider region. DIFC’s 300 wealth and asset management firms represent an industry size of $450 billion. 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. With $517 billion of wealth in Dubai, the highest in any Middle