Following the appointment of Stuart McCulloch as Market Head earlier this year, The Fry Group is now licensed to conduct business for clients based in the Gulf region.
The Fry Group, a global financial advisory group specialising in working with British expats around the world, launched its Middle East business and the opening of its new office, located in the Dubai International Financial Centre (DIFC), the firm said on Monday.
The group plans to use Dubai as a platform to offer its services in the local market and across the wider Gulf region. The team already includes a number of Chartered Financial Planners and the company is actively hiring quality individuals who meet the required high standards of The Fry Group globally.
Significant Potential
The Gulf region represents significant potential for the business. According to Go-Gulf, there are around 240,000 British expats in the UAE alone, 65 percent of whom feel they have significantly higher disposable income that they would in the U.K., requiring transparent and professional advice to plan their finances.
Stuart McCulloch has worked across the region in a number of senior roles and has experience in dealing directly with local regulators, including the DFSA, QFCRA and UAE Central Bank, having held licenses with each. He has more than 27 years’ experience in financial services, previously acting as Head of Operations at the Bank of Singapore in Dubai and before that, Head of Operations, Middle East at Coutts.
Holistic Service
With offices throughout the U.K., Belgium, Dubai, Hong Kong and Singapore, The Fry Group offers a holistic financial planning service guiding on investments, U.K. tax planning and mitigation, retirement planning and Wills, trusts and estate planning.
