French Asset Manager Carmignac Expands to Dubai Amid Regional Growth

Sep 21, 2026

67 min

Sep 21, 2026 19:30

French asset manager bets on Dubai as regional wealth hub grows

## Carmignac Opens Office in Dubai

French asset management firm Carmignac has established its first regional office in Dubai International Financial Centre (DIFC). This move reflects the rapid growth of wealth in the UAE and the increasing demand for active investment management in the region.

## Strategic Expansion

Christophe Younes, head of Middle East at Carmignac, highlighted the need for a local presence due to the fast-paced economic development in the Gulf. The firm aims to serve institutional investors, private banks, and family offices across the UAE and the broader region.

## DIFC's Growing Appeal

DIFC has become a hub for wealth and asset management, with 592 firms now operating there, marking a 35% increase from the previous year. The center's robust regulatory framework and supportive policies have attracted numerous global managers, including Carmignac.

## Focus on Active Management

Carmignac plans to leverage its expertise in emerging markets, technology, and income-generating strategies to complement regional portfolios. Younes emphasized the importance of income generation, noting that nearly half of the funds in the UAE since 2024 focus on this objective.

## Long-term Vision

The firm aims to integrate into the regional financial ecosystem, aspiring to achieve a reputation similar to its standing in Europe. Carmignac's leadership team includes experienced professionals like Rose Ouahba and Habib Achkar, who bring extensive industry knowledge to the table.

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