WRISE group, a wealth management firm based in Singapore, has announced the launch of a Middle East branch.
WRISE Middle East will be based in Dubai and will target high-net worth individuals and family offices in the region.
The firm was awarded a category 3C licence by the UAE authorities back in 2022.
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The Middle East office will be led by newly appointed chief executive DJ Sengupta who has worked in a number of senior roles in the region’s wealth management market.
“The UAE is set to see an increase of 24.6% in the number of high net worth individuals (HNWIs) by 2025,” said WRISE Group chairman Derrick Tan.
“With an increasing congregation of the wealthy in this part of the world, we are excited to offer our services, expertise and technology to the ultra-wealthy community to meet their myriad wealth management and estate planning needs.”