Boston Multi Family Office has opened an office in the Dubai International Financial Centre (DIFC), solidifying the group’s long-term strategy of expansion in the Middle East.
The commercial multi-family office offers a range of trust and corporate services to ultra-high net worth individuals from offices in Malta and the Isle of Man, and now offers corporate services from Dubai. The new DIFC entity, Boston Corporate Services (DFIC) Ltd, is one of only a handful of global providers able to incorporate DIFC Special Purpose Companies.
Peter Casey, formerly an associate director of Arbuthnot Latham, has been announced as the managing director of the new office. He said: “The DIFC is a top-tier financial centre strategically located between the East and West, providing a stable and secure platform for businesses and financial institutions to tap into the emerging markets of the Middle East, Africa and south Asia. Locally incorporated entities, and particularly SPCs, offer a huge range of potential benefits to wealth holders and creators.”
Andrew Chetcuti Ganado, managing director of the Malta office, commented: “We have been building a profitable book of business in the Middle East for some time now, making good use of our onshore-EU Maltese offering and our offshore, non-EU Isle of Man offering to help bring structure to the international assets of wealthy Middle Eastern families. With this office we are investing further into that market.”