Already established in Geneva and Hong Kong, Forth Capital is a member of the Federation of European Independent Financial Advisers and the Hong Kong Confederation of Insurance Brokers.
Chief executive Tom Tracy said: “From Geneva we had been watching the Dubai market evolve, having property in Dubai Marina, and with clients on the ground, I was up to speed on developments in the region. After the successful launch of our Hong Kong operation it was time for Dubai.”
He added that the Dubai Financial Services Authority is a “pretty tough” regulator, run mainly by expats from the UK or Australia with a similar apporach to the UK’s Financial Conduct Authority: “We selected this as our preferred option for regulation in the area and we expect to be trading in February”.
Tracy said clients want transparency on fees and “international executives based in this part of the world are entitled to fair, unbiased financial advice from industry professionals”.
Forth Capital will be joining a growing number of companies registered with the DIFC, more than 1,039, as it celebrated its 10th anniversary last November. Around one third of these (327) are financial services companies.
To read an International Adviser profile of Forth Capital, click here.
