Rothschild & Co has launched a new office for wealth management in Dubai. This office will cater to ultra-high-net-worth families, enterprises, charitable organizations, and foundations, offering tailored investment guidance. It is situated within the Dubai International Finance Centre (DIFC).
The office is supervised by senior banker Sascha Benz, who has relocated from Switzerland. The Dubai team will collaborate with an experienced Middle Eastern team that operates out of Geneva. This new establishment is part of Rothschild & Co’s strategy for expanding their wealth management services.
The firm plans to leverage its robust network and esteemed reputation across the region.
Rothschild & Co’s Expansion in Dubai
For over two decades, Rothschild & Co’s Global Consulting division has been active in the Middle East.
It provides services in M&A, Debt Advisory and Restructuring, as well as Equity Advisory to its clientele. Laurent Gagnebin, CEO of Rothschild & Co’s Wealth Management division in Switzerland, expressed: “Our Wealth Management service is experiencing significant growth, and we are thrilled to bolster our presence in the Middle East with our new office in Dubai. Sascha’s experience and extensive network of qualified clients, including local investors, entrepreneurs, and affluent families—both local and international—give us confidence in building a robust client base for Wealth Management in this region.”
Additionally, Saeed Al Awar, partner and head of the Middle East at Rothschild & Co, stated: “This expansion demonstrates Rothschild & Co’s growing dedication to the broader region by introducing another of its essential services here.
This growth will allow us to provide comprehensive and strategic advice to families and entrepreneurs on their long-term pathways.”
Sascha Benz, who heads the wealth management sector in the Middle East at Rothschild & Co, commented: “This strategic growth marks our firm’s commitment to enhancing client engagement in the region. Given Dubai’s impressive demographics and rising GDP per capita, it presents an enticing market for us. Furthermore, its global positioning serves as an entry point to the entirety of the Middle East.”
The establishment of the Dubai office is a strategic move by Rothschild & Co to enhance its service offerings and foster deeper relationships with clients within the Middle East.
The firm aspires to further accelerate its growth and influence across the region.
