French Asset Manager Carmignac Expands to Dubai

Sep 21, 2026

61 min

Sep 21, 2026 22:32

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 Dubai, marking a significant step in its international expansion. The decision to set up in the Dubai International Financial Centre (DIFC) reflects the rapid growth of wealth creation in the UAE and the increasing demand for active investment management in the region.

## Strategic Move for Regional Growth

Christophe Younes, head of Middle East operations at Carmignac, highlighted the importance of having a local presence to effectively serve the burgeoning Gulf market. The DIFC, which now hosts 592 wealth and asset management firms, offers a robust regulatory framework and supportive policies that attract global financial players.

## Focus on Active Management

Carmignac plans to focus on distribution, targeting institutional investors, private banks, and family offices. The firm is known for its expertise in emerging markets, technology, and income-generating strategies, which align with the preferences of UAE investors.

## Integration Over Scale

Younes emphasized that success in the region would be measured by integration into the local financial ecosystem rather than sheer size. The firm aims to build lasting relationships with local institutions and family offices, leveraging its reputation as a leading active manager in Europe.

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