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Asset Management / Wealth Management
Farro Ventures sets foot in the Middle East
Singapore-based multi-family office leverages Dubai’s strength as financial hub in the region
The Asset 18 Dec 2023

Farro Ventures, parent company of Singapore-headquartered multi-family office Farro Capital and mobility solutions provider Farro & Co, is expanding into the Middle East. Leveraging Dubai's regional strength as an emerging financial hub, the move aims to further enhance the firm’s cross-border advisory platform capabilities to best serve the unique needs of ultra-high-net-worth (UHNW) families.

Farro Capital’s new office, located at the Dubai International Financial Centre (DIFC), will offer access to a comprehensive range of wealth management solutions spanning investment management, philanthropy advisory, estate planning, family governance  and succession, and other services.

The launch is complemented by the establishment of Farro & Co’s presence in the International Freezone Authority (IFZA) under the guidance of Nirbhay Handa, founder and CEO, and Abhishek Menon, partner (Middle East), to provide a range of additional immigration and mobility services.

Rajiv Garg, co-founder and managing director, together with managing director Vincent Valadares, will lead Farro Capital’s Dubai operations, spearheading client engagement, recruitment, and the further build-out of the firm’s footprint in the region.

“The Middle East, with its rich history of trade, investment, and wealth generation, presents ample opportunities for our business,” Garg says. “There is a rising demand for highly sophisticated wealth management solutions from independent firms like ours, who truly understand the intricate needs of wealthy clientele."

The United Arab Emirates has built a strong reputation as a key financial hub for UHNW individuals and families in recent years, with the region’s family office market estimated to reach more than US$1 trillion by 2026.

Established in October 2022, Farro Capital accumulated more than US$1 billion in assets under management within the first four months of its launch.

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