Guernsey-based fiduciary firm Lancaster Trustees has secured approval from the Dubai financial regulator to set up a new office in the country’s main financial hub.
It will be based at the Dubai International Financial Centre (DIFC) following approval from the Dubai Financial Services Authority (DFSA).
Lancaster said it would bolster its expansion into the Middle East and bring its services to the wider Gulf Cooperation Council – an economic and political group of nations.
The DIFC is recognised as the leading financial centre for the Middle East, Africa, and South Asia (MEASA).
“Establishing a DIFC presence is a material step forward for Lancaster Trustees. We’re now closer than ever to our Middle East clients and partners, ready to deliver bespoke fiduciary solutions with the agility and personal touch that sets us apart,” said Paul Oliver, Group Managing Director.
“This important step forward cements our reputation as a trusted, forward-thinking fiduciary group, committed to delivering innovative, cross-border solutions with integrity,” added Dustyn Molver, Head of Middle East.