UK-based AES International has opened a new office at Dubai International Financial Centre (DIFC) after securing a license from the Dubai Financial Services Authority (DFSA).
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The new Dubai presence makes AES the first independent financial planning firm of its type to set up in the DIFC.
AES CEO Sam Instone hailed the move as part of the firm’s commitment to a ‘Positive Change’ in the Middle East, and the firm’s "mission to disrupt the status quo of traditional expat investing".
"We have always believed that our clients, like all investors, require the protection of clear and robust regulation; we are delighted to work under the DFSA regime, which we believe offers the highest standards of investor protection and a much more viable choice for serious investors," Instone stated.
AES general counsel James McLeod said: "As an international financial centre the DIFC is specifically designed for international business. The ability to operate in or from the DIFC means that clients who conventionally fall between the cracks of different tax, legal and regulatory frameworks can now get peace of mind and security.
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By GlobalData"They can be sure that they are dealing with a firm committed to very high regulatory standards, and independent investment advice, based in a jurisdiction with its own common law type legal framework."
AES operates from seven international offices, holds 65 financial licences, and has license to offer advice in 35 countries.
