Holborn Assets reports strong end-of-year results
Holborn Assets, the Dubai-based financial services company, has reported a strong 2017 with the company showing a 57% increase in revenues and assets under management (AUM) surpassing $1bn.
Recently released figures show income from fees increased by 20% with more than 5,000 new clients acquired throughout the year thanks to a successful strategy targeting new business.
The annual results topped off a solid year for the firm, which also saw it recruit more than 90 new members of staff, taking its number of employees worldwide to more than 430. This included significant strengthening at board level with the additions of chief commercial officer Riyad Adamou and UK managing director Scott Balsdon.
The family-run firm has now announced an aggressive 3-year strategic plan that will target major international growth with further substantial investment in its services to improve its client proposition.
Internationally the company also expanded its operations in Malaysia, with employee numbers at its Kuala Lumpur office doubling from 10 to 20 in six months with a target of 25 qualified advisers set for the end of Q2 2018.
Holborn intends to open six new offices across the Middle East, Africa, Asia and Europe by the end of the second quarter. Earlier this month Holborn Assets announced the acquisition of Globaleye Hong Kong with plans to expand consultant numbers and invest in new offices and marketing support and comment that more acquisition announcements will follow in the near future.
Bob Parker, Holborn Assets founder and CEO, said: “Last year was extremely positive for Holborn Assets. The business performed fantastically well, with phenomenal growth in revenues, AUM, and clients.
“We recruited a large number of quality advisers, with many migrating to us from other firms principally because of the attractiveness of what we offer as an employer. We invest heavily in our staff training and education, in marketing support and as is now well known lead generation – helping our advisers to do their job efficiently, effectively all with a view to exceeding our clients’ expectations.
“The opening of our Malaysia office and our recent acquisition in HK were important milestones that demonstrate our intention to grow well beyond our Middle East base. Riyad Adamou, Holborn Assets chief commercial officer, said: “2017 was clearly a fantastic year for us and we are extremely proud of our achievements. This has given us a great platform for international and domestic growth and we believe 2018 will be yet another transformational year for the company.
“The groundwork for future gains has already been laid with the announcement of our strategic plan for the next three years, which has been designed to make Holborn Assets an even more attractive proposition for our clients and staff members alike.”