bfinance, the independent investment consulting firm, is establishing an office in Dubai to support and grow the firm’s Middle Eastern and African (MEA) client base – formerly serviced from its London headquarters.

Alex Denby (managing director, client consulting) moves from London to Dubai to head up the new office and is joined by fellow senior colleague Amir Saleem (Director, Client Consulting).

The firm, which turns 25 years old this year, recently completed a management buyout, moving back into employee ownership under the ongoing leadership of chief executive officer David Vafai.

The new Middle Eastern branch in Emirates Towers marks the firm’s eleventh location with other offices in London, Sydney, Hong Kong, Toronto, Montréal, Chicago, Rome, Paris, Amsterdam and Munich.

Denby said: “Our Middle East and Africa business has grown consistently over the last five years. We are excited to open our Dubai office to support our client service offering and deepen local relationships.

"We believe that investors in these regions will continue to pursue portfolio diversification and innovation over the coming years, strengthening demand for bfinance’s core advisory services. The Dubai office will offer the firm’s full range of investment consulting services including asset allocation, portfolio design, manager selection, risk management, monitoring and more, all tailored to meet the specific requirements of institutional investors in the region.”

David Vafai, chief executive officer, said: “I am very proud to be able to announce our new office in Dubai, continuing the firm’s trajectory of global expansion through recent years. While we have been working with institutional investors in the Middle East since 2007, I believe that this regional office will take our relationships from strength to strength, showcasing our dedication to meeting the evolving needs of our clients worldwide.”