This comes after it received a licence from the Dubai Financial Services Authority (DFSA) to offer a range of services to clients ranging from corporate businesses to ultra-high net worth individuals and family offices.

The office, located in the Dubai International Financial Centre (DIFC), raises IQ-EQ’s location count to 25 jurisdictions worldwide.

Heading up IQ-EQ UAE in Dubai is Tariq Nakhooda, senior executive officer, who joined IQ-EQ in 2022 to establish, build and lead the operation.

In building IQ-EQ’s UAE business, Tariq is working closely with Sridhar Nagarajan, IQ-EQ’s Regional Managing Director for Africa, India and the Middle East, and Rehma Imrith, Chief Commercial Officer for Africa, India and the Middle East.

Mark Pesco, group chief executive of IQ-EQ, said: “The extension of IQ-EQ’s global reach to the DIFC, a leading financial hub in the Middle East, aligns with our ambition to have a local presence in all of the world’s leading IFCs and will enhance the Group’s already-strong global positioning.

“It is significant that the DIFC is evolving as a connecting IFC jurisdiction between Africa, India and the Middle East economies, and given IQ-EQ’s extensive network and client base in the region, we are confident this venture will be a great success.”

Demand for the DIFC

This comes at a time where many financial services groups are looking to set up in the DIFC.

International Adviser reported that financial services giant Edmond de Rothschild Group and Holborn Assets received DFSA approval to open an advisory office in the DIFC. In March 2023, IA also exclusively revealed that St James’s Place has been given in-principle approval for an DFSA licence.

The number of DFSA-regulated financial entities grew to 590 with 89 financial service firms authorised in 2022. This is up from 51 authorised in 2021.

Some firms which joined the DIFC in 2022 included Nomura, Octogone Group, Continental Group International, Habib Bank, Alpadis Group and Finsbury Wealth.

The asset manager has announced Stephanie Bruce will step down as chief financial officer.

She will remain with the Group until 31 December 2023 to support an orderly transition and an announcement regarding her successor will be made in due course.

Stonehage Fleming

The multi-family office has appointed Sarah Bartram-Lora Reina as a trustee director in the Jersey family office division.

She joins from Ocorian, where she was an executive director.

Also joining Stonehage Fleming’s Jersey family office team is Claire Strecker as a director in risk and compliance.

She joins from Hawksford, where she was a fund compliance manager.

The firm has also hired client relationship manager Ashley Correia, compliance manager Kim Wink, and senior client accountant Henry Mehigan.

Canada Life

The insurance group has appointed Dave Sutton as customer services director.

He replacing Tracy Woodward, who takes up the role of director of compliance and regulatory affairs.

Sutton was previously head of business management for the chief operating officer’s office.

He has been with Canada Life for 22 years in a variety of roles across operations, change strategy and wealth, and lives on the Isle of Man.

Pacific Asset Management (PAM)

The London-based asset manager has hired Elliott Kibble as associate director in the UK adviser solutions distribution team.

He joins PAM following a number of years at LGT Wealth Management, most recently as business development director, where he was responsible for developing relationships across the north of England.

Veritas Wealth

Zachary Clabon has joined the Duba-based firm as director of operations and business development, according to his Linkedin profile.

He was previously at Skybound Wealth Management, where he was head of business development for UAE.

Sanlam Investments

Ben Hall has joined the firm’s wholesale distribution team as a sales director.

He was most recently at Atlantic House, where he was a senior sales executive for two years.

Broadstone

The independent pensions consultancy firm has named Kylie Arbon as its head of transformation.

She brings over 12 years of experience in the pensions industry as an actuary and consultant. She worked at BBS Consultants & Actuaries from 2011 before it was acquired by Broadstone in 2019.

IQ-EQ

The financial services provider has named Ilias Georgopoulos as global head of private and institutional asset owners.

Most recently, he was chief executive of Credit Suisse’s multi-concept fund management in Luxembourg.

Natixis Investment Managers Singapore

Rushil Khanna joins the business as head of equity investments for the region.

Prior to joining Natixis IM, he held various roles at Credit Suisse Asset Management most recently as head of equities for Asia Pacific and lead portfolio manager based in Singapore.

Oberon Investments

The London-based investment boutique has hired WH Ireland investment manager Mark Burtenshaw.

At WH Ireland, he was responsible for advising a portfolio of private clients while also heading the firm’s London office.

With 18 years in industry, Burtenshaw has also held roles at Morgan Stanley and RBC Wealth Management.

The Generali Investments subsidiary has named Denis Panel as chief executive.

Panel recently served as global head of the multi-asset, quantitative and solutions (Maqs) division at BNP Paribas Asset Management.

Emeric Préaubert, co-founder of Sycomore AM, steps down from his operational role but remains a member of the supervisory board.

Christine Kolb and Cyril Charlot, co-founders of the firm and respectively head of business development and chief investment officer, will maintain their current responsibilities and functions.

Credit Suisse

The banking group has named Rehan Anwer as Singapore chief executive, subject to regulatory approval.

He will retain his current role as the chief executive of southeast Asia and head of southeast Asia investment banking and capital markets.

Anwer is succeeding Wong Chien Chien, who is leaving the bank to pursue other interests.

He joined Credit Suisse in March 2007 after almost 10 years at Deutsche Bank covering multiple Asia-Pacific markets.

In addition, Dominique Boer will take on the role of deputy Singapore chief executive, in addition to her current role as the chief executive of SymAsia Foundation and wealth management market group head for Singapore and the Singapore booking centre.

Boer has over 30 years of experience in banking and has been with Credit Suisse since 2015.

IQ-EQ

The financial services provider appoints Matthew Abbott to the newly created role of global head of sales operations.

Prior to joining IQ-EQ, Abbott was director and global head of sales and client enablement for HSBC Securities Services.

Avellemy

The UK asset manager has appointed David Morcher as head of collectives, effective immediately.

He joins Avellemy from Saunderson House, where he was a senior member of the company’s investment team, a voting member on its investment committee, and was responsible for heading fixed income collectives research.

Ocorian

The financial services provider has appointed Paul Spendiff as head of business development for global funds.

Spendiff joins Ocorian from FundRock, where he was global head of strategic development.

Atomos

The wealth manager has boosted its Fareham office with the appointments of Sean Sims and Bruce Davison as wealth planning director and senior wealth planner, respectively.

They will report to Mike Mason, head of the Fareham office.

Sims joins from Sims Financial Planning, a Southampton-based business which he founded over 25 years ago. Davison joins from NFU Mutual, where he was a financial adviser.

The UK financial advice network has a couple of c-suite changes.

Grant Hotson will become group chief financial officer in 2023, replacing Richard Houghton, who will take on the role of chief executive in January 2023.

Hotson joins from Abrdn, where he served as commercial finance director.

Additionally, Dominic Sheridan, chief executive of Openwork’s investment management arm Omnis Investments, is leaving the business to pursue an external opportunity.

Rob Thorpe will succeed him after leading BMO Asset Management’s intermediary business in Emea as managing director.

Amundi

The France-headquartered asset manager has promoted Alain Berry to chief executive of Amundi Asset Management in the Czech Republic.

He has been head of communications at Credit Agricole AM since 2008, which became Amundi in 2010 following the merger with SocGen Asset Management.

IQ-EQ

Samuel Kuborn has taken on the role of regional chief operating officer for continental Europe at the private client firm, a newly created role.

He will be based in Luxembourg and join from RBC Investor & Treasury Services, where he was managing director of the product and profitability of the trustee, depositary and fund corporate services division.

Kuborn will be responsible for day-to-day operations across Luxembourg, France, the Netherlands, Switzerland, Belgium and Cyprus.

Vistra

Alan Brown has stepped down as group chief executive of the Hong Kong-based fund and corporate services provider.

Simon Webster will take over, effective from 7 November 2022. He was most recently group chief executive of data provider CPA Global.

Van Lanschot Kempen

The Dutch private bank has promoted Susan Leerkes to chief executive of its Swiss subsidiary, effective from 1 January 2023.

She is currently managing director of the bank’s Amsterdam, Hilversum and Laren offices.

Aviva Investors

Richard Surrency has become head of Asia Pacific at Aviva Investors, based in Singapore.

He joins from Franklin Templeton, where he was head of private markets and alternative business in Asia.

Aditum Investment Management

The Dubai-based investment management business has recruited James Clark as head of investment funds and research.

He joins from Hawksmoor Investment Management in the UK, where he spent more than seven years as a senior fund analyst.

Quilter Cheviot

The discretionary investment arm of Quilter has hired three investment managers across the UK.

Andrew Hannay has joined the Edinburgh office from Cornelian Asset Managers (now part of Brooks Macdonald), where he held senior investment roles.

The Jersey office has recruited Thea Wright from JTC Employer Solutions, where she was for just over a year.

Last, James Rennie has re-joined the business in the Birmingham office from Rathbones Greenbank. He originally started working at the firm in 2016 as a trainee investment manager.

Tabula Investment Management

The European asset manager and ETF provider has hired named Marks Lander within its client coverage team to enhance its business development in Germany and Austria.

He was previously at Danske Bank in London, where he worked as a senior banker and was responsible for client relationships in the two European countries.

The financial services firm has appointed Jonathan Jennings as its group chief executive.

Jennings joins from JTC, where he was group head of institutional client services.

Allspring Global Investments

The independent asset manager has named Gary Tan as executive director and chief executive of its local entity in Singapore.

Tan will also be a portfolio manager on the Intrinsic Emerging Markets Equity team.

Before joining Allspring, Tan was lead portfolio manager for Asia equity strategies at Natixis Investment Managers.

Deutsche Bank

The banking giant has recruited Jin Yee Young as head of the international private bank for Asia Pacific.

Young will join on 3 January 2023, subject to relevant regulatory approvals. Based in Singapore, Young will also join the IPB’s global executive committee.

She was most recently deputy chief executive of wealth management Apac and head of wealth management for Singapore at Credit Suisse.

After six years as head of the bank’s wealth management and Apac private banking businesses, Lok Yim will focus on his role as chief executive of Deutsche Bank HKSAR, effective 3 January 2023.

RBC Brewin Dolphin

James Clark has joined the wealth manager as nationals and networks development manager.

He has joined from insurance group Utmost, where he was head of expat sales EU.

Holborn Assets

The global financial advice firm has hired Peter Wesley as managing director of Holborn Property.

He has over 30 years of experience in the UK and international property markets as an agent and developer.

Bestinvest

The retail investing platform subsidiary of Evelyn Partners has named Martin Pezet as head of Bestinvest marketing.

Pezet was previously at at AJ Bell Youinvest, where he was head of digital and content marketing.

Louise Revell has joined as head of Bestinvest proposition. She joins from global management consulting firm Oliver Wyman, where she was a manager.

Lastly, Will Pointing has been named as Bestinvest partnerships, performance and pricing manager. He had similar roles at NewDay, WPP and MoneySuperMarket.

Charles Stanley

Ling Au-Yeung has joined as a portfolio manager in the Aim inheritance tax team at the wealth firm.

She joins from Brooks Macdonald, where she was an investment director within its Aim service.

Pantheon

The global private markets investor has named Alex Denny as managing director of European private wealth and Nicole Parker as managing director of US private wealth.

Denny was previously head of Fidelity International’s investment trust business, while Parker was formerly of Goldman Sachs Asset Management.

Church House Investment Management

James Edgedale has joined the wealth and investment manager as a client director.

He was previously chairman at wealth manager JM Finn.

IQ-EQ

The financial services provider has appointed Lyons O’Keeffe to the newly created position of ESG director.

Most recently, he raised sustainable finance and developed the ESG impact framework for a division of Legal & General.

VG

The trust, corporate and fund administration solutions provider has bolstered its funds team with the appointment of Paul Mundy as head of funds.

Mundy was recently managing director of Suntera Global.