WRISE hires veteran CEO for Middle East expansion as wealthy investors flock to Dubai
Singapore, Hong Kong, Dubai, 30 Jan 2024 – WRISE Group, the Singapore-based next-gen wealth management specialist, today announced the appointment of Dubai finance veteran Dhruba Jyoti (DJ) Sengupta to lead its expansion in the Middle East.
As Chief Executive Officer of WRISE Wealth Management Middle East, DJ Sengupta will build a team at WRISE's office in the Dubai International Financial Centre to meet rising demand for fresh investment ideas, expert advice and market intelligence from the region's family offices and Ultra High Net Worth (UNHW) investors.
WRISE Wealth Management received a Category 3C license from the Dubai Financial Services Authority in 2022, and sees huge potential for the United Arab Emirates (UAE) as a base from which the WRISE Group can grow its business across the Middle East, reaching beyond into Europe and Africa.
"The UAE is set to see an increase of 24.6% in the number of high net worth individuals by 2025," said Derrick Tan, Chairman, WRISE Group. "With an increasing congregation of the wealthy in this part of the world, we are excited to offer our services, expertise and technology to the ultra-wealthy community to meet their myriad wealth management and estate planning needs."
DJ Sengupta brings over 25 years of experience working in the financial industry across the Middle East and North Africa (MENA) region. Having held senior wealth management positions at international financial institutions like Citibank N.A. and, most recently, having served as the CEO of a family office, he is ideally placed to understand the needs of wealthy locals and expatriates.
"Dubai has traditionally been a hot spot where UHNWIs from Europe and the MENA region choose to live and work, so with more of the world's wealthy expected to migrate here, I strongly believe that our depth of investment and wealth management expertise, together with TREX, our highly customisable wealthtech platform, will be key to meeting their wealth management demands in this digital age," said DJ Sengupta, CEO, WRISE Wealth Management Middle East.
As well as the Middle East, WRISE group has direct representation in some of the key financial hubs, namely Singapore and Hong Kong. In these markets the Group delivers a comprehensive mix of wealth management, wealth planning and technology-enabled offerings. It takes a holistic approach that begins with a deep understanding of clients' needs before creating highly customised wealth solutions to achieve their desired outcomes.
Re-disseminated by The Wealth and Society