The Fry Group has officially launched its Middle East business and the opening of its new office, located in the Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA).
As reported last month, the international IFA appointed Stuart McCulloch, pictured above, as its new market head and is now licensed to conduct business for clients based in the Gulf region. The firm plans to use Dubai as a platform to offer its services in the local market and across the wider Gulf region.
The Fry Group team already includes a number of Chartered Financial Planners and the company is actively hiring within the region as it looks ot expand its operations.
McCulloch has worked across the region in a number of senior roles and has experience in dealing directly with local regulators, including the DFSA, QFCRA and UAE Central Bank, having held licenses with each. He has more than 27 years' experience in financial services, previously acting as head of operations at the Bank of Singapore in Dubai and before that, head of operations, Middle East at Coutts.
"There is a huge opportunity for us to bring our approach to financial planning services to a market that is crying out for professionally qualified advisers that operate under strong governance models, and provide intelligent solutions with fair and transparent charging structure," said McCulloch.
"The DIFC gives us an ideal environment to build up the business."
Jeremy Woodley, chairman and managing director, The Fry Group added: "We have looked after the needs of British clients for 120 years with a proven track record in the UK, Belgium, Singapore and Hong Kong. Now we bring that experience and approach to the Middle East, where we aim to be the go-to firm for the discerning expat.