Spark Capital expands global reach with new DIFC office
Spark Capital Private Wealth Management (Spark Capital PWM) has launched its operations in the Dubai International Financial Centre (DIFC), the premier financial hub for the Middle East, Africa, and South Asia (MEASA) region, through its subsidiary, Spark Global PWM Private Limited.
This move enhances Spark Capital's ability to connect global investors with diverse markets, offering tailored wealth management solutions and reinforcing DIFC's position as an unmatched ecosystem for financial innovation, he company said in a statement.
The DIFC's exceptional environment, with its robust regulatory framework and access to a vast network of financial institutions, makes it an ideal base for Spark Capital PWM.
The centre hosts 420 wealth and asset management firms, including 75 pure-play hedge funds, 48 of which manage assets exceeding Rs 8,300 crore each. This vibrant ecosystem enables firms to tap into regional opportunities, serving as a gateway to financial institutions and multinational companies across the MEASA region. DIFC's strategic location, bridging Asia, Europe, and the Americas, further amplifies its appeal for wealth managers like Spark Capital PWM, fostering seamless access to global markets.
Spark Capital PWM's expansion into DIFC underscores its rapid growth. The firm's assets under management and advisement have surged nearly tenfold, from Rs30 billion in April 2023 to Rs300 billion by May 2025. Its team has grown from 60 to over 400 professionals, including 130+ experienced relationship managers, with a presence across 12 Indian cities. The DIFC office, staffed by seasoned wealth management experts, will leverage Spark Capital's research capabilities and innovative strategies to deliver bespoke solutions, catering to the needs of international clients seeking portfolio diversification and wealth preservation.
Arpita Vinay, senior managing director & co-CEO of Spark Capital PWM, said, 'Our DIFC office marks a pivotal step in our global strategy. Dubai's strategic location and DIFC's world-class infrastructure provide the perfect platform to connect investors with diverse opportunities, enhancing our ability to deliver value to clients worldwide.'
Neeraj Ojha, senior executive officer of Spark Global PWM Private Limited, added, 'DIFC's exceptional ecosystem, with its top-tier regulatory standards and extensive financial network, empowers us to offer sophisticated wealth solutions backed by Spark Capital's expertise.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
24 minutes ago
- The National
Best budget cars in the UAE for less than Dh100k, from BYD and Jetour to Toyota and Mazda
Inflation is real. You only need glance at the receipts of your weekly groceries to glean that your hard-earned dirhams don't carry you nearly as far as they used to five years ago. Even so, those in the market for a new car can take heart as there's still an assortment of capable vehicles priced under the Dh100,000 mark – be it a sedan or SUV. The influx of Chinese brands in recent years has added great depth to the market and triggered even keener competition among carmakers to snare budget-conscious buyers. Here is our guide to the dozen best sub-Dh100,000 buys. BYD Qin Plus Design, from Dh74,900 China's BYD (Build Your Dreams) is on a charge, last year eclipsing Tesla as the world's biggest seller of EVs. The Qin Plus Design sedan is the brand's most affordable model, priced from Dh75,000. Propulsion comes from a 1.5-litre hybrid motor that ekes out 177hp and 316Nm, so you get lively performance, along with a claimed touring range of 755km on a tank of fuel. The cabin is smartly presented, and standard kit includes twin airbags, Apple CarPlay/Android Auto, cruise control and a 10.1-inch infotainment screen. Chery Tiggo 7 Pro Max, from Dh82,500 Chery's Tiggo 7 Pro Max represents great value for money as it's a spacious and feature-laden SUV for just over Dh80,000. The Tiggo 7's motive power is provided by a 1.6-litre turbo motor that cranks out 197hp and 290Nm, with drive relayed to the wheels via a seven-speed dual-clutch automatic. Chery quotes a respectable 0-100kph split of 8.28 seconds, and a miserly fuel consumption of 6.6 litres per 100km. The generous standard features quota includes LED headlights and taillights, 18-inch alloys, an electric tailgate, eight-speaker Sony audio, dual 12.3-inch display screens and Apple CarPlay/Android Auto. Geely Preface, from Dh87,400 Geely has some excellent vehicles in its line-up, and among these is the stylish Preface. Offering prestige-car comfort and quality at a wallet-friendly price, the 4.8-metre-long sedan is also decently rapid. Its 2.0-litre turbo motor sends outputs of 215hp to the front wheels via a seven-speed dual-clutch auto, enabling it to dash from 0 to 100kph in just 6.9 seconds. The tastefully trimmed cabin features a 13.2-inch infotainment screen and a 10.2-inch full-colour LCD instrument cluster. Among the safety features on offer is ADAS driver assistance system that includes adaptive cruise control, lane-keeping assist and automatic emergency braking. Hyundai Kona, from Dh85,000 The futuristically styled Hyundai Kona is a popular seller in the UAE, and with good reason. Embodying the comprehensive engineering and immaculate build quality synonymous with the South Korean marque, the Kona also hits the sweet spot with its affordable price tag and compact yet spacious dimensions. Serving up polished ride and handling that's up there with European brands, the Kona is a pleasant chariot to pedal, although the standard 149hp 2.0-litre engine is a bit short on grunt. The attractively presented cabin features a dual 12.3-inch digitised display and premium (for the price) trim materials. Jetour Dashing, from Dh93,450 The Jetour Dashing is another Chinese offering that's been a hit in the UAE, with its striking looks and impressive fit and finish serving as major drawcards. Measuring 4.6 metres, the Dashing offers comfortable seating for five and a decently sized cargo bay. The standard 1.5-litre turbo engine doles out a modest 157hp and 210Nm but spending a bit more will get you a livelier and more desirable 1.6-litre engine with 190hp/275Nm. The cabin is cutting edge for its segment, with an expansive 15.6-inch infotainment screen dominating the user interface. The Jetour is backed by an industry-leading 10-year, warranty up to 1 million kilometres. Kia K4, from Dh81,990 Kia has steadily expanded its reach with an ever-growing portfolio of capable offerings, and the latest addition to the range is the space-age-inspired K4 sedan. Its mould-breaking design language sets the Kia fastback apart from anything else in its segment, and the rest of the package is appealing too. The driver is faced by a huge 29.9-inch panoramic display that houses three screens, providing an immersive digital experience across the dashboard. The rest of the cabin is also ultra-modern in look and feel, while standard features include front and rear parking sensors, dual airbags and LED headlights. Mazda CX-30, from Dh92,000 If driver engagement and aesthetic appeal are the yardsticks, Mazda is among the best of the Japanese car brands. The CX-30 is the embodiment of both these attributes, and its keen pricing means you can acquire a premium-feel vehicle for an affordable outlay. The pleasingly proportioned bodywork is complemented by an attractive and sensibly laid-out cabin, even if larger individuals might find rear space a bit tight. The Mazda is a delight to drive, and even the base model is equipped with 18-inch alloys, seven airbags, an eight-speaker stereo, cruise control, rear parking sensors and a reversing camera. MG HS, from Dh88,830 The HS compact SUV showcases the engineering depth and stylistic appeal that are characteristics of MG's recent offerings, and it's also excellent value. Measuring just under 4.7 metres from bumper to bumper, the MG seats five in comfort and offers 507 litres of luggage space, making it a sound choice for couples with two or three kids in tow. Unlike some SUVs, the HS isn't a frumpy looker, and it also drives with a decent level of flair. A 1.5-litre turbo motor with 173hp and 275Nm is standard, but an added spend gets you a punchier 231hp 2.0-litre engine. Nissan Kicks, from Dh84,900 The second-generation Nissan Kicks is altogether more desirable than its predecessor, debuting eye-catching new styling and a much more substantial footprint on the road as it's 71mm longer and 41mm wider than the oldie. Its chunky bodywork clothes a capable chassis that delivers tidy ride and handling, while the 2.0-litre engine's outputs of 142hp and 190Nm make for respectable performance. Although compact in exterior dimensions, efficient packaging means the Kicks isn't claustrophobic inside. Cabin highlights in the base model include a 12.3-inch infotainment screen, cruise control and Apple CarPlay/Android Auto. Renault Arkana, from Dh83,900 Renault is a brand that flies under the radar in the UAE, but there's plenty to like about the coupe-esque Arkana SUV. A 1.3-litre turbo motor might seem small for a mid-size five-seat SUV, but outputs of 155hp and 262Nm deliver a 0-100kph sprint in 9.1 seconds, which is decent for its segment. The seven-speed dual-clutch auto is a smooth-shifting unit, and the Arkana rides and handles with a decent level of composure. Renault is big on safety, and among the accident-avoiding features available in the Arkana are a 360-degree camera, adaptive cruise control and emergency braking. Toyota Corolla, from Dh76,900 The trusty Toyota Corolla is the best-selling automotive nameplate of all time, with more than 50 million units sold since the original launched in 1966. It's no surprise, as bulletproof reliability and user-friendly driving characteristics have ensured the Toyota stalwart remains a popular choice around the world. Although past Corolla generations have been somewhat staid, the latest version is a decent looker and engaging to drive. Build quality is immaculate, too. The base model is powered by a 121hp 1.6-litre motor, but we'd recommend spending Dh7,000 extra for the 168hp 2.0-litre unit if you can afford it. Volkswagen T-Roc, from Dh94,900 Volkswagen is another brand that has traded on its robust durability and day-to-day dependability. The T-Roc blends these traits in a practical and neat-looking compact SUV that brings German quality within the grasp of many buyers. Its 1.4-litre turbo engine punches out 150hp and 250Nm, with an eight-speed auto dispensing these outputs with utmost smoothness. As you'd expect, safety is a strong point, with standard features including six airbags, front and rear parking sensors and lane-change assist with blind-spot monitor. The base model rides on 16-inch alloys and is equipped with black roof rails and LED headlights and taillights.
Zawya
28 minutes ago
- Zawya
FAB becomes MENA's first lender to join CIPS as direct participant
Abu Dhabi: First Abu Dhabi Bank (FAB) has become the first lender in the MENA region to join the cross-border Interbank Payment System (CIPS) as a direct participant (DP), according to a press release. FAB's direct participation in CIPS, the official cross-border payment infrastructure for Renminbi (RMB), improves its ability to provide clients with faster, more secure, and efficient cross-border RMB payment solutions. The announcement also reinforces the ADX-listed bank's position in cash management and clearing across the MENA region. Meanwhile, FAB is the only UAE bank operating a fully licensed branch in Mainland China and is committed to meeting the needs of clients and partners in both markets. This aligns with FAB's leadership in digital transformation and its commitment to anchoring the UAE's position as a regional financial hub. Hana Al Rostamani, Group CEO at FAB, said: "Our direct participation in CIPS significantly enhances our ability to provide faster, more secure and efficient RMB payment solutions and deliver real-time settlement capabilities.' 'This development reinforces our leadership in regional cash management and clearing. It also strengthens FAB's role as a trusted financial infrastructure partner for clients transacting between China, the UAE and the broader MENA region," Al Rostamani highlighted. FAB is also the first bank in the MENA region to deploy Oracle and Mastercard's solution to revolutionize business-to-business (B2B) finance and payments transactions. In the first quarter (Q1) of 2025, the UAE-based lender logged net profits valued at AED 5.12 billion, higher by 23% year-on-year (YoY) than AED 4.15 billion.
Zawya
28 minutes ago
- Zawya
Aldar registers $953mln in Fahid Island sales during launch week
Abu Dhabi: Aldar Properties generated more than AED 3.50 billion in sales at Fahid Beach Residences and The Beach House, according to a press release. The Fahid Island homes attracted several buyers due to their position as Abu Dhabi's first coastal wellness destination, the waterfront lifestyle, and proximity to super-premium education at King's College School Wimbledon. Expatriate residents and overseas buyers equaled 67% of total sales, with buyers from the UAE, Russia, the UK, and China making up the top nationalities by sales volume In response to the increasing demand for Fahid Beach Residences, Aldar accelerated the launch of Fahid Island's second residential offering, Jonathan Emery, CEO at Aldar Development, said: 'The success reflects Abu Dhabi's position as one of the world's most desirable investment and lifestyle destinations and we are expecting continued interest in Fahid Island as Abu Dhabi's first wellness island builds its profile on the global stage.' Aldar recently teamed up with King's College School Wimbledon to launch its first regional campus on Abu Dhabi's Fahid Island.
