Varenne Capital Partners has opened a new office in the Dubai International Financial Centre, marking the firm's first expansion into the Middle East after building a strong presence across Europe.
The move comes through the establishment of Varenne Capital Ltd, a wholly owned UAE subsidiary regulated by the Dubai Financial Services Authority. The new entity will operate from DIFC, positioning the firm within one of the region's most established financial hubs.
Giacomo de Nardis, a senior associate with more than 15 years at Varenne, has been appointed Senior Executive Officer and Director of the new subsidiary. He will lead the firm's operations in the region.
Giuseppe Perrone, co-founder and President of Varenne Capital Partners, said DIFC offers the energy, talent and connections the firm needs for continued growth. He described de Nardis as the ideal person to represent Varenne in this new chapter, citing his long tenure and deep involvement in the firm's investment process.
De Nardis said Dubai has built one of the most dynamic and innovative financial ecosystems globally, combining strong talent, technological depth and ambition. He called the move an opportunity to represent Varenne Capital in the region.
Salmaan Jaffery, Chief Business Development Officer at DIFC Authority, welcomed the firm's arrival, noting that Varenne's decision to establish operations in DIFC reflects the centre's reputation among internationally regulated financial firms. He added that the firm's track record and investment discipline bring further credibility to DIFC's asset management community.
The opening adds to a growing list of global investment firms choosing DIFC as their regional base, reinforcing Dubai's position as a hub for international financial institutions seeking access to the Middle East and beyond.
News Source: Emirates News Agency
