Quilter Cheviot is planning to open an office in the Dubai International Financial Centre (DIFC) as part of its strategy to expand presence in the Middle East.
Quilter Cheviot’s international operations head Tim Childe told International Adviser that the company has already started building on its international presence and would go live "soon" under his oversight with the office in the DIFC.
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"We are very excited about that, and we already have someone who’s resigned from his post elsewhere and is joining us in August," Childe added.
Old Mutual International, part of Old Mutual Wealth that acquired Quilter Cheviot, already has two offices in Dubai.
"They’re obviously a significant global operator, apart from having enormous exposure to the African continent. People don’t realise how far-flung they are across the globe. They operate in all the major continents."
Childe said he has been appointed to the executive committee of Quilter Cheviot "mainly because I’ve been tasked with running the international side of Quilter Cheviot, and in terms of expanding our reach and capitalising on the opportunities which lie within Old Mutual, chiefly Old Mutual International".
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By GlobalData"We’re very actively engaged with senior management within Old Mutual and Old Mutual International, and we’ve already got very effective working relationships with heads of the sales divisions and also their respective regional heads underneath them," International Adviser further quoted him as saying.
Childe added that it also had initiatives on the go with the South American element of Old Mutual International, and had engaged with their posts in Asia as well, in Hong Kong and Singapore.
