Nexus Group opens Dubai wealth management office

One of the largest financial advisory groups in the Mena region has launched a wealth management business in Dubai.

Nexus Wealth Management will be located in the Dubai International Financial Centre.

According to the firm, the expansion solidifies its commitment to providing advisory services to both corporate and institutional clients across the UAE and beyond.

The UAE has become an attractive market for both domestic and overseas wealth management firms in the last 12 months.

Part of the attraction is the growth of the ultra-wealthy in the region. A study published in September by KPMG forecast that ultra-wealthy investors in the UAE will boost the local economy by US$500 billion over the next three years.

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