Blackstone has opened a regional Private Wealth office at the Dubai International Financial Centre (DIFC), adding a second location in the UAE as it expands its reach across the GCC.
The Dubai office will serve as a hub for Blackstone’s Private Wealth business in the region. According to the announcement, it will build on the firm’s partnerships with leading regional banks and support its growing private wealth operations across the GCC.
Blackstone said its Private Wealth business has established more than 40 distributor relationships across the region. The new office will support those relationships and broaden access to alternative investment products for investors across the GCC, the company said.
The firm has operated in the UAE since 2010. DIFC Authority CEO Arif Amiri said the opening reflects Dubai’s role as a base for global investment firms seeking to deepen relationships with regional investors.
Blackstone President and COO Jon Gray said the office would strengthen the firm’s partnerships and support the UAE’s growing position as a global finance and wealth management centre.
Source: DIFC
