Dubai: Wealthbrix Capital Partners Limited, a newly launched independent wealth management firm, today announced its official market entry from Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa, and South Asia (MEASA region).
According to Emirates News Agency, the firm is founded by a team of seasoned professionals from private banking and asset management, bringing together over 150 years of collective leadership experience and a track record managing more than US$30 billion in assets under management (AUM) from Middle Eastern, Asian, and European clients. Wealthbrix enters the market with a clear purpose: to deliver a client-first approach to wealth management that is independent, holistic, and agile, reflecting the ambitions of global upwardly mobile wealth creators and the shifting center of gravity in global capital.
Dr. Hamad Buamim, Chairman of the Advisory Board, Wealthbrix Capital Partners Limited, stated, "This is the Dubai moment - an inflection point where global capital, regional ambition, and client expectations are converging." This launch is timely, coinciding with the 'Great Wealth Transfer,' where an estimated US$85-100 trillion in global wealth is expected to change hands by 2050, including approximately US$1 trillion in the GCC alone. More than 6,700 new millionaires relocated to Dubai in 2024 alone, with over 68,000 high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) now based in the country.
A significant portion of global capital is concentrated in fast-expanding segments: Mid-Tier Millionaires (MTMs) and UHNWIs. MTMs, with investable assets between US$5 million and US$30 million, account for nearly US$55 trillion in global wealth. Meanwhile, the UHNWI population is projected to surge by 38% over the next five years, with Asia and the Middle East driving the fastest growth globally. Wealthbrix aims to address these clients' needs by providing a holistic approach that reflects their ambitions.
Wealthbrix builds on the momentum of a maturing wealth management landscape with a differentiated, partner-led model spanning private wealth, asset management, and corporate finance advisory. Fully licensed by the Dubai Financial Services Authority (DFSA) and headquartered in DIFC, Wealthbrix is designed to complement and elevate the existing wealth management ecosystem by delivering tailored, unbiased advice anchored in institutional discipline and enabled by advanced technology.
Arif Amiri, Chief Executive Officer of DIFC Authority, remarked that DIFC continues to attract firms that bring confidence, innovation, and a broad range of perspectives to the sector. Wealthbrix offers a differentiated, home-grown alternative, combining institutional discipline and strong in-house asset management capabilities across equities, fixed income, and real estate.
The firm has successfully closed an eight-figure USD equity funding round backed by a strategic group of global investors. This capital provides a foundation for scaling, attracting top industry talent, expanding product depth, and building a comprehensive value proposition. Rajesh Khanna, Chief Executive Officer of Wealthbrix, highlighted Dubai's unique convergence of regulatory clarity, global talent, and a robust entrepreneurial ecosystem as ideal for the firm.
Wealthbrix operates on a hybrid model that combines in-house capabilities with access to best-in-class managers, providing a secure, cloud-native platform for comprehensive client portfolio management. This approach ensures the delivery of bespoke, holistic solutions for today's discerning clients.