Farro Ventures, parent company of Singapore-headquartered multi-family office Farro Capital and international mobility solutions provider Farro & Co, is expanding its footprint into the Middle East through a new office located in the Dubai International Finance Centre, to build on its cross-border advisory capabilities serving ultra high net worth families.
The new office will offer wealth management solutions spanning investment management, philanthropy advisory, estate planning, family governance & succession, and more.
This launch is also complemented by the establishment of Farro & Co's presence in the International Freezone Authority (IFZA) under the guidance of Nirbhay Handa, founder and CEO, and Abhishek Menon, partner (Middle East), to provide additional immigration and mobility services.
Rajiv Garg, co-founder and managing director, together with Vincent Valadares, managing director, will lead Farro Capital's Dubai operations, including client engagement, recruitment, and the further build-out of the firm's footprint in the region.
Garg said: "The establishment of our Dubai headquarters is an exciting new chapter of Farro Capital's growth story. The Middle East, with its rich history of trade, investment, and wealth generation, presents ample opportunities for our business. There is a rising demand for highly sophisticated wealth management solutions from independent firms like ours, who truly understand the intricate needs of wealthy clientele."
Hemant Tucker, Co-Founder and CEO of Farro Capital based in Singapore, said: "Farro Capital will play a leading role in supporting the continued expansion of the UAE's family office industry, bringing a unique blend of local insights and international expertise to every client relationship."
The region's family office market is estimated to reach more than $1trillion (AED 3.67 trillion) by 2026, according to the announcement of the launch.
Arif Amiri, chief executive officer, DIFC Authority, said: "We are delighted that Farro is launching their Middle East headquarters in DIFC to accelerate their next phase of growth. Farro brings a wealth of knowledge and expertise to the region with a strong focus on wealth management and multi-family offices, sectors that make up a huge proportion of DIFC's clients and the overall contribution to Dubai's economy. The move further reiterates DIFC's position as a leading global hub for international expansion, wealth management, and multi-family offices, and marks another important DIFC Strategy 2030 growth milestone."
Established in October 2022, Farro Capital was founded by a team of financial professionals, each with their own expertise: Hemant Tucker (market head for Global South Asia and the Middle East, Bank of Singapore), Manish Tibrewal (chief executive officer, Maitri Asset Management), Mahesh Kumar (tax partner, Withers Worldwide), Uthpal Rao (executive Ddirector, Bank of Singapore), and Rajiv Garg (managing director, Bank of Singapore).
