Blacktower has secured a full licence from the Dubai Financial Services Authority (DFSA) in the Dubai International Financial Centre (DIFC).
The firm described it as a ‘landmark achievement’ in its global expansion strategy, and a crucial step in the Middle East market.
Blacktower also revealed it has established Blacktower Insurance Services LLC in Orlando, Florida as part of its expansion strategy in the US.
Group chairman John Westwood said: “Securing the full licence in Dubai and expanding further in the US market reflects Blacktower’s unwavering commitment to global excellence.
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“The company is at the forefront of providing tailored financial solutions, and its strengthened presence in the Middle East and its expansion in the US are a testament to Blacktower’s strategy of delivering unparalleled financial advice and services across borders.”
Gavin Pluck, group managing director, added: “Together with our extensive licensing footprint, the new DIFC entity will afford us the perfect opportunity to provide fully holistic and seamless cross-border solutions in highly regulated international markets, which can often be restrictive to many advisers.
“We therefore find ourselves in a relatively unique position with the ability to advise our UAE clients on their assets locally and in other regulated jurisdictions, including the UK, EU, USA, Switzerland and Australia.”
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