Nuvama Private, the Private Banking arm of Nuvama Group, has launched operations in the Middle East through its new office at the Dubai International Financial Centre (DIFC).
As one of India's largest wealth management firms, Nuvama Private has secured a CAT III C licence, making it one of the few Indian private banks authorised to provide advisory services and distribute investment products in the region. This expansion aims to offer Global High Net Worth (HNW) and Ultra High Net Worth (UHNW) clients in the Middle East greater access to Indian public and private market opportunities.
Salmaan Jaffery, Chief Business Development Officer at DIFC Authority, highlighted the potential for wealth management growth in Dubai, which boasts the highest concentration of wealth in any Middle Eastern city.
News Source: Dubai Media Office
