Fiduchi has been providing clients from the Middle East with sophisticated structuring solutions for over a decade. We help our clients put in place appropriate holding vehicles for private assets and business assets in order to achieve their succession planning and asset protection goals, whilst ensuring that each solution is bespoke, taking into account the client’s precise requirements and understanding the cultural nuances which surround them.
We aim to assist a wide variety of clients in the region – families and family businesses, start-ups, asset managers, large corporates and government-related entities – by offering suitable asset ownership structures.
In 2018 Fiduchi took the decision to increase its commitment to the Middle East region by opening a representative office in Dubai to better serve our clients in the GCC and wider Middle East region. Fiduchi's DMCC Branch office was established in early 2019 and headed up by Christopher Dungan - Regional Director Middle East before also being joined by one of Fiduchi's founding directors Darren Hocquard in early 2020.
Key to the region is its Islamic heritage, and Fiduchi are well placed to help clients who wish to implement Sharia-compliant solutions. There is no one-size-fits-all Islamic structuring solution: as such, Fiduchi’s independence and flexibility put us in good stead for establishing and administering Sharia-compliant structures for Islamic financial institutions, as well as corporates and families.
Global crises, like that presented by COVID-19, cause economic shockwaves around the world. They pose serious challenges to businesses across all sectors and geographies, including how to keep employees engaged in challenging times? And, how to ensure that they are incentivised to outperform in the future?
With the world is going through a period of considerable uncertainty and minds tend to get focused on the need to plan for eventualities in future. In the context of families, this means considering what needs to be done to protect and preserve the legacy of the family business and their wealth. In this article, we take the opportunity to explore the potential benefits of structuring as well as sharing some insights drawn from recent and current client experience in the Middle East.
Based on research conducted in November of last year by Hubbis, in conjunction with Jersey Finance, there is an estimated USD 1 trillion due to be passed down in the next decade from older Middle Eastern patriarchs and matriarchs to the younger generation.