Spark Capital launches wealth management operations in Dubai's DIFC
The move positions DIFC as the hub for Spark Capital's Middle East operations.
DIFC hosts 420 wealth and asset management firms, including 75 hedge funds, 48 of which are part of the 'billion-dollar club'.
Spark Global PWM Private Limited, a CAT4 firm regulated by the Dubai Financial Services Authority, will facilitate access to diverse markets for global investors, offering comprehensive portfolio diversification opportunities.
The DIFC office will be staffed by experienced wealth management professionals with extensive knowledge of global markets.
The team will utilise Spark Capital's research capabilities and advanced investment strategies to deliver client-focused solutions in the region.
Spark Capital PWM Private Limited senior managing director and co-CEO Arpita Vinay said: 'The establishment of our DIFC office represents a significant milestone in Spark Capital PWM's global growth strategy.
'Dubai's strategic location and robust financial infrastructure provide an ideal platform to connect investors across regions with diverse investment opportunities.'
Spark Capital PWM stated that it has experienced 'substantial growth' in recent years, increasing its assets under management from around Rs30bn ($360.24m) in April 2023 to Rs300bn ($3.56bn) by May 2025.
The firm's workforce has expanded from 60 to over 400 professionals, including more than 130 relationship managers, and it has established a presence in 12 cities across India.
Spark Global PWM Private Limited senior executive officer Neeraj Ojha said: 'DIFC offers an exceptional ecosystem for wealth management firms, with its world-class regulatory framework and access to a wide network of financial institutions.
'Through our presence here, we aim to provide professional clients in the Middle East with comprehensive wealth solutions backed by Spark Capital's expertise and innovation in investment management.'
"Spark Capital launches wealth management operations in Dubai's DIFC" was originally created and published by Private Banker International, a GlobalData owned brand.
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