Sun Life is set to strengthen its presence in the Middle East after receiving regulatory approval to establish operations in the Dubai International Financial Centre, marking a strategic expansion aimed at serving high net worth clients across the region.
The global provider of high net worth insurance solutions announced on Thursday that it has been authorised by the Dubai Financial Services Authority to operate from the DIFC. The company expects to begin operations from its new office in December.
The move positions Sun Life closer to its regional partners and clients, reflecting growing demand for sophisticated wealth protection and planning solutions among high net worth and ultra high net worth individuals in the Middle East.
Sujoy Ghosh, Chief Executive Officer of Sun Life High Net Worth, said the expansion reinforces the company’s global leadership in the sector and supports clients seeking to protect and grow wealth across generations. He highlighted Sun Life’s financial strength and breadth of expertise as key factors behind its appeal to affluent families.
DIFC Authority Chief Executive Officer Arif Amiri welcomed the announcement, noting that the centre’s regulatory framework, tax efficiency, and modern infrastructure continue to attract leading global financial institutions. He said Sun Life’s entry would give regional clients access to international expertise and strong financial backing.
The expansion underscores DIFC’s role as a regional hub for wealth and asset management, while signalling Sun Life’s long term commitment to serving emerging and established markets from Dubai.
News Source: Emirates News Agency
