Hasma Capital Advisors relocates from London to Dubai

Dubai: Dubai is the largest city in the United Arab Emirates and a major global financial hub, with dedicated free zones such as the Dubai International Financial Centre that cater to banks, asset managers, and family offices. In the news, Dubai is the destination city for Hasma Capital Advisors’ relocation from London, reinforcing its role as a preferred base for ultra‑rich families and private wealth managers exiting the UK. investment firm: The investment firm referenced in the Bloomberg report is Hasma Capital Advisors, a family office that manages a diversified global portfolio for the Juffali dynasty, one of Saudi Arabia’s richest and most influential business families. In the news, Hasma Capital Advisors is relocating most of its operations from London to Dubai and is expected to shut its long‑standing UK branch, highlighting a broader shift of ultra‑wealthy family offices from the UK to the Gulf. Wealth_Relocation_Trend: Recent analysis of wealthy migration and family office activity shows a growing pattern of high‑net‑worth individuals and their family offices moving from traditional hubs like London to the UAE, driven by friendlier tax regimes and regulatory environments. Family_Office_Expansion_in_UAE: Advisory firms and financial centers in Dubai and Abu Dhabi report a surge in family office registrations and headquarters relocations, positioning the UAE as a key global center for managing multi‑generational family wealth. London_Family_Office_Uncertainty: Bloomberg reporting notes that London’s family office ecosystem has become unsettled amid changing UK tax rules and policy uncertainty, prompting some Gulf and Saudi family offices to scale back or close UK branches while re‑allocating staff and operations to the Gulf.