Standard Life has announced the opening of its first office in Dubai, UAE, which will be the firm’s first presence on the ground in the Middle East.
The firm was given a licence by the Dubai Financial Services Authority (DFSA) to establish a branch inside the Dubai International Financial Centre (DIFC).
The move follows that in October, when Standard Life established a presence in South East Asia by opening a branch in Singapore.
Chris Divito, the regional chief executive officer, will lead the office, which has been opened in line with the firm’s strategic desire to enhance its position in high growth, high value emerging markets.
Divito is a veteran of the firm, where he has worked for more than a decade and a half, and brings his wealth of experience to the Middle East.