La Cloche Wealth Management Expands Foothold into Gulf MarketPress Release 16 Feb 2014 08:50 am
Swiss based wealth management firm unveils regional office in DIFC La Cloche Wealth Management (LCWM), part of the La Cloche Group, has established its position as a key regional player with the granting of a DFSA license. The Swiss based company built on the foundation of client trust, in addition to the preservation and growth of its clients wealth, now boasts offices in almost every corner of the globe. LCWM, has over 40 years of sector experience through its highly experienced workforce and offers access to all underlying markets such as equities, fixed income, credits, currency and commodities. LCWM's business model is based on personal long-term relationships with its clients, which in turn acts as a key factor and is a principal strength of its business. With access to various major banks in Dubai, Singapore and Switzerland and with assets globally under management in addition to a wide range of offerings from structured products to private banking the company's Senior Executive Officer Mrs. Manal Al Omari stated that "We established our offices in DIFC to enable us to be at the heart of the financial sector in the UAE and the GCC as a whole." Ms Omari continued, " Our growth into the GCC market was an inevitable outcome as a result of our proven success around the world in addition to our long list of existing clients in the region, we feel that this market represents an opportunity for ourselves and our clients who are realizing that an independent asset manager offers a unique and safe method to manage ones wealth." Jeffrey H. Singer, Chief Executive Office of DIFC Authority, commented: "We are delighted to welcome La Cloche Wealth Management to DIFC, the natural gateway between the region and the world's capital markets, to launch their regional operations. The robust environment of the Centre provides a stable, supportive, and secure base for financial institutions to develop their businesses. We look forward to having LCWM's experienced team on the ground to further strengthen the asset management landscape in the region." LCWM takes great pride in being part of the GCC's ongoing prosperity and development plan and with a highly skilled team ,built up trust and a proven track record for success; the company is set to become the leading regional player in the wealth management market for many years to come.