Mayfair Private, an independent, high-end private client advisory business launched in 2014 by Mishcon de Reya has unveiled a wholly-owned subsidiary in Dubai.
Like the London-based original, the new Dubai office of Mayfair Private will offer private advisory services to high net worth families based in the region, the firm said, in a statement announcing the Dubai office opening.
It noted that the new office was being opened in response to “client demand”, and said it represented “an acknowledgement of the increasing importance of Dubai as a business hub”.
The launch of Mayfair Private Dubai comes after Mishcon de Reya took sole ownership of the Mayfair Private business in 2016, and moved its operations into its own Africa House, London offices.
The new Dubai office is located on Sheikh Zayed Road in Dubai’s Sharjah district, and is being headed up by Deepak Malhotra, pictured, who joins Mayfair Private from the Dubai outpost of Barclays Wealth, where he was a managing director of its private banking operations.
A chartered accountant, chartered tax adviser and member of the Society of Trust & Estate Practitioners, Malhotra has previously worked in the UK for such firms as Deloitte and Grant Thornton, Mayfair Private said.
Mayfair Private describes itself as a provider of “bespoke solutions” for clients, advising them on such matters as succession planning, family governance, international structuring and asset protection, but not on investments, nor does it provide investment management services.
Mayfair Private chief executive Alistair Morgan said the move into Mishcon de Reya’s offices and the launch of a Dubai subsidiary marked an “exciting time” for his growing business. And Malhotra’s “energy and impressive experience advising families in the Middle East”, he added, would be “invaluable” as Mayfair Private looks to further develop its business in the Gulf.
This article featured in International Investment.