French Asset Manager Carmignac Expands to Dubai Amid Regional Growth

Sep 21, 2026

58 min

Sep 21, 2026 21:30

French asset manager bets on Dubai as regional wealth hub grows

## Carmignac Opens Dubai Office

French asset management firm Carmignac has established its first regional office in the Dubai International Financial Centre (DIFC). This move is driven by the rapid growth of wealth creation in the UAE and the increasing demand for active investment management among local investors.

## Growing Wealth Hub

DIFC has seen a significant rise in the number of wealth and asset management firms, with a 35% increase year-on-year, reaching 592 firms by mid-2026. This growth is attributed to the center's robust regulatory framework and supportive policies, making it an attractive destination for global managers like Carmignac.

## Strategic Expansion

Christophe Younes, head of Middle East at Carmignac, highlighted the importance of having a local presence to effectively serve the Gulf region's burgeoning market. The firm's expertise in emerging markets, technology, and income-generating strategies aligns well with the preferences of UAE investors.

## Future Ambitions

Carmignac aims to become an integral part of the regional financial ecosystem, aspiring to achieve a reputation in the UAE similar to its standing in Europe. The firm will initially focus on distribution, targeting institutional investors, private banks, and family offices in the region.

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