Farro Ventures, parent company of prominent Singapore-headquartered multi-family office Farro Capital, has set up its regional head quarters in Dubai International Financial Centre (DIFC). 

 

The office will offer access to a comprehensive range of wealth management solutions spanning investment management, philanthropy advisory, estate planning, family governance and 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 a seamless array of additional immigration and mobility services that together will offer clients flexibility, resilience and peace of mind at a global scale.

 

Expanding footprint

Rajiv Garg, Co-founder and Managing Director, together with Vincent Valadares, Managing Director, will lead Farro Capital’s Dubai operations, spearheading 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."

 

The UAE has built a strong reputation as a key financial hub for UHNW individuals and families in recent years, with the region’s family office market estimated to reach more than $1.0 trillion (AED3.67 trillion) by 2026. 

 

Family office

“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,” explained Hemant Tucker, Co-Founder and CEO of Farro Capital based in Singapore. 

 

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.”

 

Farro Capital accumulated more than $1 billion in assets under management within the first four months of the firm’s launch. Today the firm boasts 18 employees and has plans to continue expanding the team, with a particular focus on building up its Middle East presence to support a rapidly expanding client book.--TradeArabia News Service