UK multi-family office Stonehage Group is to
open a new office in Dubai catering for ultra high net worth (UHNW)
families to expand its operations in the Middle East.

The office will be in the Al Fattan Currency House, located in
Dubai’s international financial centre.

Ian Crosby, chairman of the Stonehage Jersey
operations and managing director of Stonehage Group’s global
fiduciary division, said: “We have been helping clients in the
region for some years and we see this as an opportunity to enhance
existing relationships and interests there.”

“This is about wealth preservation and
business development in MENA, and is an important step in
strengthening our client base in the region.”

The office will be headed by Brian Williams, currently director
of family office development for the region.

Williams worked at Royal Bank of Canada
(RBC)’s Dubai branch before joining the Stonehage Group.

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He brings with him more than 25 years of
experience in the MENA region.

In 1986 Williams was made responsible for
Middle East operations with ANZ Grindlays Bank, and oversaw the
opening of RBC’s Dubai office in 2005.