Holborn Assets closes UK operation as it 'repositions business' for global expansion

Holborn Assets, the Dubai-based international financial advisory group, will close its UK operation in Cheshire as it focuses on a strategy to grow in major expatriate hubs. 

Holborn Assets Ltd, FCA number 648817, served UK customers from an office in Sale employing six staff.

In a statement today (31 October) Holborn Assets told International Investment it had appointed liquidators for the UK entity and "we are exploring with them whether some or all of the business is suitable for sale".

The company is contacting those customers to discuss how it can help them identify an alternative provider of financial advice and wealth management solutions.

Founded in 1998, the Holborn Assets group has grown rapidly into a business serving over 20,000 clients from more than 20 international offices in markets including Cyprus, Spain, South Africa, Mauritius, Saudi Arabia, Hong Kong, and Thailand. Today, client assets under management exceed $3bn.

"We know this is disappointing news for the clients we've served from Sale over the last eight years, but we will work hard to ensure they retain access to high quality financial planning support," said Holborn Assets CEO, Bob Parker. "As a group, we want to focus our resources on expansion in our home markets in the Middle East as well as select cities that are home to large clusters of affluent expatriates. This is where we are seeing the greatest demand for our expertise."

Holborn Assets has had a UK office and FCA licence since 2015.