The multi-family office offers a range of trust and corporate services to ultra-high net worth individuals from the Isle of Man and Malta, which it will now extend to Dubai.
The newly-incorporated DIFC entity, Boston Corporate Services (DFIC) Limited, is “one of only a handful of global providers able to incorporate DIFC special purpose companies”, said BMFO in a statement.
Group director Katherine Ellis said the firm has been building a profitable book of business in the Middle East for “some time now”, by making use of its Maltese and Isle of Man offshore offerings which cater to wealthy Middle Eastern families.
Peter Casey, formerly an associate director of private bank Arbuthnot Latham, has been announced as the managing director of the new office.
“The DIFC is a top-tier financial centre strategically located between the East and West, providing a stable and secure platform for businesses and financial institutions to tap into the emerging markets of the Middle East, Africa, and South Asia.
“Locally-incorporated entities, and particularly SPCs, offer a huge range of potential benefits to wealth holders and creators. It is therefore a natural addition to Boston’s international service offering,” he said.
Other ventures
BMFO is a group of companies that cater to high net worth and ultra-high net worth individuals which include Boston Fiduciary, a trust, corporate, and family office provider.
Other firms within the group include Boston Ventures, a capital introduction and funding business and Boston Link, an international headhunting and recruitment firm.
