13th Feb 2015 06:39
LONDON (Alliance News) - St James's Place PLC is planning to open its first offices in the Middle East by the end of the year in order to win business from wealthy European expatriates and gain an foothold in the Gulf market, the Financial Times reported on Thursday.
St James's Place told the FT it is in talks with regulators in the United Arab Emirates about establishing new offices in the area, likely to be located in Dubai and Abu Dhabi, though it is also considering a base in Qatar.
"We are actively pursuing this and will be disappointed if we don?t have something by the end of this year," said Tony Dunk, the FTSE 100-listed wealth manager's head of investor relations.
http://www.ft.com/cms/s/0/2cff2b4a-b2c0-11e4-a058-00144feab7de.html?ftcamp=crm/email/2015213/nbe/UKBusiness/product&siteedition=uk#axzz3RVigUz4D
By Sam Unsted; [email protected]; @SamUAtAlliance
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