Mubasher: Farro Ventures, headquartered in Singapore, announced expansion into the Middle East with a new office located at the Dubai International Financial Centre (DIFC) in the UAE, according to a press release.
The firm, which is the parent company of multi-family office Farro Capital as well as the mobility solutions provider Farro & Co, seeks through this expansion further endorsement of its cross-border advisory platform capabilities to serve the ultra-high-net-worth (UHNW) families.
Dubai's regional office will provide access to integrated wealth management solutions such as investment management, philanthropy advisory, estate planning, family governance and succession, and other services.
Co-Founder and Managing Director at Farro Capital, Rajiv Garg, said: “The Middle East, with its rich history of trade, investment, and wealth generation, presents ample opportunities for our business.”
The UAE established a solid reputation as a key financial hub for UHNW individuals and families over the recent years. Furthermore, the Middle East’s family office market is expected to surpass $1 trillion by 2026.
Garg added: “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."
Farro Capital was founded in October 2022 and has accumulated over $1 billion in assets under management (AUM) within the first four months of its launch.
