The company will provide high net worth and ultra-high net worth individuals and family-owned business clients in Qatar with fully-integrated family office consultancy services, including business structuring, tax optimization, succession planning and family governance.
FACT Middle East, which is part of the Zurich-based LP Suisse Group, is the first family office administrator approved in the Qatar Financial Centre.
“With Qatar’s high-net worth individuals expanding their range of activities, both here and abroad, we have seen an increased need for private wealth management. As a result, we recently broadened our platform to accommodate such providers,” said Yousef Al Jaidah, deputy chief executive of the QFCA.
“We are very happy to welcome FACT Middle East under the QFC umbrella as our first family office administrator,” he said.
Established in 2007 in Switzerland as a single family office, FACT provides a boutique approach to its services with custom-made solutions aiming to bring together the best of Swiss institutional and family servicing history, with the understanding of global markets.
“Our vision for this new office is to become the Qatari gateway to Switzerland – providing the best possible family office, corporate and family business structuring services for our local and regional clients.” Danilo Larini, chief executive and Founder of the LP Suisse group.
The new Doha licence expands the LP Suisse Group offices which are also in London, Switzerland, Luxembourg and Hong Kong. The expansion includes a brand re-development, attendance at international events and an improved digital experience for its clients.
Nader Al Khalfan is chief executive for FACT Middle East, and will oversee client relationships in Qatar and the region offering a wealth of local experience from his work over many years with family owned businesses and clients, having previously worked in private banking.
