Rothschild Strengthens Wealth Management Presence in Dubai

Rothschild & Co has strengthened its footprint in the Middle East with the acquisition of Liechtensteinische Landesbank’s (LLB) UAE subsidiary, a strategic move designed to expand its wealth management presence in Dubai. The deal brings in approximately 20 employees and their associated clients, potentially adding close to CHF 1 billion (around US$ 1.2 billion) in assets under management to Rothschild’s operations in the region.

According to reports in Financial News London and the Financial Times, the acquisition highlights Rothschild’s commitment to tapping into Dubai’s growing role as a global financial hub. With favorable tax policies, a robust regulatory framework, and a reputation for stability, the UAE has become a preferred destination for high-net-worth individuals and global wealth managers alike.

Following the acquisition, Rothschild’s Dubai-based team has expanded to 25 professionals, enabling the firm to broaden its advisory capabilities and strengthen relationships with clients in the Gulf and wider Middle East region.

Industry analysts view this move as part of a broader trend of international banks and asset managers increasing their presence in Dubai to serve a growing population of ultra-high-net-worth individuals and family offices. The UAE’s continued emphasis on financial diversification and its global connectivity make it an attractive base for firms seeking to capture new business from both regional and international investors.

Rothschild & Co, with a long history in private banking and investment advisory, is expected to leverage its global expertise and deep relationships to position itself competitively in the market. The acquisition signals not only confidence in Dubai’s role as a financial center but also an intention to expand services across the Middle East’s wealth management landscape.

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