Boodle Hatfield boosts Middle East private wealth offering
London-based Boodle Hatfield said it has hired two new Arabic-speaking Middle East specialists, as it prepares to launch a new private office business aimed at “cater[ing] for the growing demand from that region”.
The law firm said partner Shaima Jillood and solicitor Reem Al Jumaily have joined from Charles Russell Speechlys’s private wealth team.
They follow the appointment of partner Salpy Kouyoumjian in 2015 from Baker & McKenzie, Boodle Hatfield said in a statement.
Explaining its decision to expand its Middle East-focused private wealth offering, the firm said that it had seen a “significant growth in demand and instructions from individuals, family offices and financial institutions” over the past 18 months, from the GCC region, the Levant, and North Africa, primarily Egypt.
The appointments, it added, represented a part of a “concerted drive to [further] grow and develop” the Boodle Hatfield Middle East client base.
In addition to being fluent Arabic speakers, Both Jillood and Al Jumaily bring with them a strong understanding of the Middle Eastern market, and experience working with clients there, Boodle Hatfield said.
They were also described as having “strong relationships with Middle East, Islamic and private banks and London agents”, which is seen as certain to complement Boodle Hatfield’s existing residential property practice. This, it noted, is said to have been involved in more than £1bn worth of residential sales and purchases over the past five years, focusing on the prime central London market, residential development, enfranchisement, and country houses and estates.
Boodle Hatfield was founded in Cheshire, England in 1722 by Robert Andrews, who was an adviser for the Grosvenor family.