Co-founder and senior executive officer Paul Killik said: “Due to the increasingly global nature of Killik & Co’s offshore clients, whose locations stretch from regions as far as Australasia to Europe, the partnership has taken the strategic view to refocus the operational activity from its London headquarters in Grosvenor Street.
“We will therefore be closing our Dubai branch from the end of September.”
The Dubai office, which is located in the Dubai International Finance Centre (DIFC), is the firm’s only branch outside of England.
“We are committed to Killik Offshore, which continues to be a fundamental part of the business’s growth and development, and believe we can better serve our clients from our London headquarters,” Paul Killik said.
Sarah Lord, managing director for Killik Chartered Financial Planners, told International Adviser that the company had taken the strategic decision to close its Dubai office so it could focus on servicing Killik’s global clients from its head office in London.
“We moved from being Killik Middle East and Asia around 18 months ago to being Killik Offshore. It had grown beyond that, which is why we renamed it as Killik Offshore. And that’s why we’re taking this strategic decision to close Dubai and service everything from our London headquarters, as we’ve got clients all over the world.”
Lord added that staff members who relocated from London to Dubai will return to London.
Killik’s departure from the the DIFC comes just over six weeks after UK-headquartered AES International has opened a new office in the Dubai’s international financial centre.
