Blackstone has opened an office in the Dubai International Financial Centre (DIFC), its second location in the UAE.
The Blackstone DIFC office will serve as a regional hub for the firm’s Private Wealth business.
It builds on existing partnerships with regional banks and will support the business as it grows across the GCC.
According to the company, its Private Wealth business has established more than 40 distributor relationships across the region. Blackstone added that it has had a presence in the UAE since 2010.
“We are proud of our presence in the country since 2010. Our new Dubai office builds on that longstanding commitment, allowing us to deepen our partnerships and broaden access to alternatives for investors across the GCC,”
said Jon Gray, President and Chief Operating Officer at Blackstone.
“The opening of Blackstone’s regional Private Wealth office in DIFC reflects Dubai’s role as the gateway for global investment firms seeking to capture opportunities across the region,”
said Arif Amiri, Chief Executive Officer at DIFC Authority.
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