Post by : Badri Ariffin

WTW (NASDAQ: WTW), a global advisory and solutions provider, has successfully obtained approval from the Dubai Financial Services Authority (DFSA) to operate under the name WTW Investments (DIFC) Limited within the Dubai International Financial Centre (DIFC).

This approval represents a pivotal point in WTW's strategy for growth in the Middle East. With the new license, WTW is set to actively deliver investment advisory offerings and provide clients with a comprehensive selection of regulated investment solutions from DIFC, thus reinforcing its foothold in one of the fastest-developing financial hubs in the world.

The DFSA license empowers WTW to extend investment advisory services and facilitate access to diverse fund solutions to a broad clientele, which includes wealth management firms, family offices, and employee benefit programs, all experiencing increasing demand in the region.

WTW has already established a robust presence in the Middle East. Prior to the license acquisition, the firm was delivering strategic advisory services to some of the region's major sovereign wealth and pension funds while also assisting large multinational firms in the UAE, Qatar, and Saudi Arabia with their pension and savings plan solutions.

Diya Luke, Global Head of Investments at WTW, lauded the approval as a significant victory for the company, highlighting that years of building strong relationships with key asset owners in the Middle East have positioned WTW to broaden its reach in providing high-quality expertise and innovative investment solutions.

His Excellency Arif Amiri, CEO of the DIFC Authority, emphasized that WTW's decision to set up its investment operations in DIFC underlines Dubai's ascendant role as a central hub for wealth and asset management. He pointed out that DIFC boasts the largest ecosystem of asset management firms in the region, offering direct access to a myriad of investment opportunities and capital.

According to DIFC data, WTW Investments manages over USD 3.6 trillion in assets under advisement and USD 187 billion in assets under management worldwide. The firm's entrance further bolsters DIFC's standing as a preeminent financial center in the region.

Identifying the Middle East as a pivotal growth area, WTW is committed to investing in local talent, infrastructure, and relationships with clients. The newly acquired license adds formal regulatory endorsement, boosting confidence among both current and future clients while supporting WTW's long-term growth objectives in the area.

Dr. Ahmad Waarie, Director of WTW Investments (DIFC) and Head of MENA at WTW, stated that the DFSA license is a crucial milestone in the company's regional evolution. He emphasized that WTW sees the Middle East as a strategic focus and aims to merge its global expertise with local insights to strengthen connections with investors and institutions across the region.

With its regulatory groundwork in DIFC now firmly in place, WTW is poised to enhance its investment service offerings and deepen its impact in the developing financial landscape of the Middle East.

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