Woodbrook Group acquires Mondial Dubai

Pedro Gonçalves
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Woodbrook Group acquires Mondial Dubai

Cyprus-based Woodbrook Group acquired Mondial, one of the UAE's oldest financial planning and wealth management organisations.

Mondial is one of the Emirates' oldest established financial planning and wealth management companies. It is regulated by the UAE Securities and Commodities Authority (SCA) and all the company's advisers are Chartered Institute of Securities and Investment (CISI) qualified.

"Joining the Woodbrook Group strengthens our financial backbone, in turn enabling us to improve our range of client-driven services," Mondial chief executive Sean Kelleher said in a statement on Thursday. The value of the deal was not disclosed.

This gives our clients an even stronger and more diverse range of investment management skills and we believe this will enable us to deliver an even better investment proposition and service to our enlarged client base"

Welcoming Woodbrook's latest acquisition, CEO Michael Doherty said the addition of Mondial has greatly strengthened the group's investment capabilities.

"This gives our clients an even stronger and more diverse range of investment management skills and we believe this will enable us to deliver an even better investment proposition and service to our enlarged client base," Doherty added.

To Mondial staff and clients, the Woodbrook CEO extended a warm welcome: "We welcome you to the Woodbrook Group, and we very much look forward to working alongside you for many years to come."

Mondial is regulated by the UAE Securities and Commodities Authority, while Woodbrook is regulated by the Cyprus Securities and Exchange Commissioner (CySEC) and holds a license to operate in the European Union. Woodbrook is in the process of acquiring an insurance license in Dubai.

Woodbrook Group has offices in several European countries, including Hungary, Poland, Romania, Slovakia, Spain and Switzerland. Its acquisition of Mondial is part of its international expansion plan and will be followed by further purchases in Europe and Latin America later this year.

 

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