Singapore-headquartered WRISE Group has officially launched WRISE Middle East aimed at high-net-worth individuals and their family offices in the United Arab Emirates (UAE) and the broader region.
The establishment of WRISE Middle East follows the acquisition of the Category 3C license in 2022, it said in a statement today (30 January).
Derrick Tan, WRISE Group chairman said: "The UAE is set to see an increase of 24.6% in the number of high net worth individuals (HNWIs) by 2025.
"With an increasing congregation of the wealthy in this part of the world, we are excited to offer our services, expertise and technology to the ultra-wealthy community to meet their myriad wealth management and estate planning needs."
Dhruba Jyoti(DJ) Sengupta was also today named as chief executive officer (CEO) of WRISE Middle East, with over 25 years of experience in the financial industry across the Middle East and North Africa (MENA) region, having held senior wealth management positions at international financial institutions such as Citibank N.A. and serving as the CEO of a family office.
DJ Sengupta said: "Dubai has traditionally been a hot spot for UHNWIs in the European and the Mena regions to live and work, so with more of the world's wealthy expected to migrate here, I strongly believe that our depth of investment and wealth management expertise, together with TREX, our highly customisable wealthtech platform, will be key to meeting their modern wealth management demands in this digital age."
With the establishment of WRISE Middle East, WRISE Group has direct representation in some of the key financial regions of the world, including the Middle East, Southeast Asia and Greater China. To these markets, WRISE Group is primed to deliver a comprehensive mix of wealth management, wealth planning and technology innovation offerings over a holistic approach that begins with a deep understanding of clients' needs, before creating highly customised wealth solutions for their desired outcomes.
WRISE is an independent multi-family office that simplifies the complexity of legacy financial structure. Its proprietary wealth management tool, TREX, provides clients with complete control and transparency over their total wealth, and the ability to create their own family office with real-time access to expert advice and tailored solutions within the ecosystem of global private banks, investment banks, fund managers, brokers, and others.
WRISE Group of companies include WRISE Wealth Management (Singapore), WeWrise Services, and Voo Technologies and affiliated companies WRISE Wealth Management (Hong Kong), WRISE Wealth Management (Middle East).
