Dalma Capital Group, a global alternative investment management platform and advisor, has agreed to acquire The Global CIO Office, an independent, outsourced chief investment officer services business with a global network of investment professionals. The Global CIO Office will become the Dalma Global CIO Office, providing outsourced chief investment officer services to family offices seeking global strategic investment advisory services with true independence.
The Dalma Global CIO Office will operate as a segregated arm of Dalma Capital and provide professional clients with independent advice and portfolio management expertise. It will initially service clients with a minimum account size of $50 million.
Gary Dugan, Founder and Chief Executive Officer of The Global CIO Office will be joining the Dalma Capital Group in the newly established role of Chief Investment Officer of Dalma Capital and will be responsible for managing the Dalma Global CIO Office. He will be based in Dubai.
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Gary Dugan has been a high-profile investment professional in Europe, Middle East and Asia for the past 40 years. He established The Global CIO Office in the UAE in 2017. Previously, for the core of his career Mr. Dugan was a Managing Director at JPMorgan. He is a former Chief Investment Officer of both Emirates NBD and of the National Bank of Abu Dhabi. He was also the Managing Director and CIO for Asia and Middle East at Coutts, and the Managing Director and CIO of Merryll Lynch Wealth Management EMEA.
“I am delighted to be joining the Dalma Capital family,” commented Gary Dugan. “Our combination will enhance our service for Global CIO’s clients, by leveraging Dalma’s strength and market access not only in the EMEA, but globally. Dubai has become an increasingly attractive domicile for family wealth, and we are positioned to be their trusted advisors.”
SOURCE: PR Newswire