Equiom is pleased to announce the opening of a new office in the Dubai International Financial Centre (DIFC). Operating as Equiom (Isle of Man) Limited (DIFC Branch), the opening of the office is the next step in the company’s continued expansion and investment in the region. The opening of Equiom in the DIFC marks the sixteenth office globally and the fourth office for the Equiom Group in the UAE. Equiom made its first entry into the UAE with the acquisition of Links Group (The Links Group Limited) in September 2016. Links is a corporate services provider with offices in Dubai and Abu Dhabi that supports organisations set up in the region. In November 2018, Equiom acquired HOLT consultancy, a compliance and risk management service provider located in the DIFC. The opening of Equiom in the DIFC builds on the organisation’s growing presence in the Middle East and aims to provide a wider breadth of services for the group in the region.
The new Equiom office in the DIFC is regulated by the Dubai Financial Services Authority (DFSA) and will be responsible for the promotion of a full range of trust and fiduciary services. The company’s offering aims to meet the individual requirements of clients including high net worth individuals, family offices and corporations.
A particular focus for Equiom will be the provision of its unique ‘Private Office’ solution and End of Service Gratuity Trusts. For the latter, Equiom offers a trustee solution for organisations who wish to enhance their existing End of Service Gratuity obligations to their employees in line with UAE Labour Law.
Nina Johnston said of the news:
‘The establishment of Equiom in the DIFC is a very exciting milestone for us, allowing us to provide our core trust and fiduciary services to the growing Middle East market. We are looking forward to growing our already strong presence and furthering our ability to assist both current and new clients with all of their private wealth and corporate needs.’
Article updated 28/03/2022
Equiom Fiduciary Services (Middle East) Limited was established in March 2022. It replaces Equiom (Isle of Man) Limited (DIFC Branch) to accommodate the regulatory changes from the DFSA whereby operators of an Employee Money Purchase Scheme were no longer able to operate through a branch office and further supports Equiom’s commitment to End of Service reform across the region.