British investment manager Quilter Cheviot, which was acquired by Old Mutual Wealth in 2015, has launched a new representative office in the Dubai International Financial Centre (DIFC), UAE.
The new Dubai location will operate under the name Quilter Cheviot Limited (DIFC Representative Office). It will be managed by the company’s head of international Tim Childe, who currently serves as the company’s Jersey office head.
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"We believe there is a significant opportunity for us to raise awareness in the Middle East of our discretionary management services offered in Jersey. The new representative office will enable us to expand our reach and take full advantage of these opportunities," Childe stated.
Mark Leale has been appointed as the head of the Dubai office and will also serve as the principal representative, while Keith Owen has been named the senior regional representative.
"Consent to open our representative office in the DIFC places us at the very heart of financial services in the Middle East, providing unrivalled access to a network of very high quality intermediaries whom we know we can work with to deliver leading edge investment services to private clients through our Jersey office," Leale said.
In addition to a UK-wide office network, Quilter Cheviot operates in Dublin and Jersey, managing about £17.8bn of assets. The firm focuses on structuring and managing bespoke discretionary portfolios for private clients, charities, trusts, pension funds as well as intermediaries.
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