FACT Middle East has been granted a licence by the Qatar Financial Centre Authority (QFCA) and is now fully operational and offering upscale family office advisory services in Qatar.
FACT Middle East provides High Net Worth and Ultra High Net Worth and family owned business clients in Qatar with fully-integrated family office consultancy services including business structuring, tax optimisation, relocation and education support services, succession planning and family governance.
FACT Middle East is part of the LP Suisse Group of companies. Through the Group's extensive international network, clients have the benefit of a global platform. This will be of value to the international interests of Qatari citizens and companies.
Yousef Al Jaidah, Deputy CEO of the QFCA, says: “with Qatar's high-net worth individuals expanding their range of activities, both here and abroad, we have seen an increased need for private wealth management. As a result, we recently broadened our platform to accommodate such providers. We are very happy to welcome FACT Middle East under the QFC umbrella as our first family office administrator.”
FACT Middle East provides a boutique approach to its services with custom-made solutions that focus on protecting clients’ discretion and privacy. The FACT team brings together the best of Swiss institutional and family servicing history and experience, with the understanding of global markets, to provide Qatari clients with a truly bespoke approach to their needs.
Discussing the Group’s vision, Danilo Larini, CEO and Founder of the group, says: “I have always remarked on the importance of being able to put ourselves in our client’s shoes, and see the world through their eyes. Only by understanding what really matters to them, can we deliver the best service. No other industry requires the level of sophistication and customisation that family office services demands.”
Established in 2007 in Switzerland as a single Family Office, FACT is part of Zurich based holding company Group, 'the LP Suisse Group', and has expanded with offices in London, Switzerland, Luxembourg, Hong Kong and now Doha. The expansion is not limited to geographic locations; it includes a brand re-development, attendance at international events and an improved digital experience for its clients.
Larini says: “2015 is a year for growth, and we want to ensure our clients feel at home with us as we meet their needs. Our vision for this new office is to become the Qatari gateway to Switzerland – providing the best possible family office, corporate and family business structuring services for our local and regional clients.”
To realise this vision, Nader Al Khalfan, CEO for FACT Middle East, will oversee client relationships in Qatar and the region offering a wealth of local experience from his work over many years with family owned businesses and clients having previously worked in private banking.
