News & Press
Company news, industry insight and updates from experts in the financial services.
Holborn reports strong end of year growth.
Holborn Assets, the Dubai-based financial services company, has reported a strong 2017 with the company showing a 57% increase in revenues and assets under management (AUM) surpassing $1bn.
Recently released figures show income from fees increased by 20% with more than 5,000 new clients acquired throughout the year thanks to a successful strategy targeting new business.
The annual results topped off a progressive year for the firm, which also saw it recruit more than 90 new members of staff, taking its number of employees worldwide to more than 430. This included significant strengthening at board level with the additions of chief commercial officer Riyad Adamou and UK managing director Scott Balsdon.
Last year Holborn invested $15 million to consolidate this growth with a wide range of initiatives in client satisfaction,technology and customer service as well as opening new offices in Kuala Lumpar and Hong Kong.
Holborn opens HK office following acquisition of Globaleye HK
Holborn Assets, the Dubai-based international financial advisory firm, has announced its acquisition of Globaleye Hong Kong as part of its expansion drive into Asia, International Investment can exclusively reveal.
Under the agreement, Globaleye Hong Kong’s assets totaling $150m currently under management are being transferred to Holborn Assets, together with Globaleye’s client base of high net worth expats.
Globaleye exits Hong Kong, sells out to Holborn
Holborn Assets has acquired Globaleye Hong Kong, in a move that sees the Dubai-headquartered advice firm exit the special administrative region.
The chief executive of Globaleye Hong Kong, Edward Harris, has joined Holborn and brought with him his five-strong team of financial advisers and support staff.
Harris has been chief executive of Globaleye for four years and is the third former board member to join Holborn Assets in less than a year, following the appointment of Riyad Adamou as chief commercial officer in March 2017 and Scott Balsdon as the UK managing director in April 2017.
Holborn Assets in Malaysia Push - October 2017
UAE-based international advice company Holborn Assets has entered the Malaysia market with the acquisition of Kuala Lumpur-based Greenwood Private Wealth Management.
Greenwood, which will adopt full Holborn branding, is licensed by the Labuan Financial Services Authority.
The advice and insurance brokerage firm provides services to high-net- worth private clients and corporations in Malaysia. It was originally a franchise of UK-headquartered Alexander Beard Group but underwent a management buyout in 2009.
Holborn Assets Gets FCA Green Light to Resume its UK Business - September 2017
Holborn Assets has been given the green light from the UK’s Financial Conduct Authority (FCA) to resume operations in the UK.
International Investment can reveal that the Dubai-based financial advisory firm, which has an office in Manchester, will recommence work immediately as a UK-regulated independent financial adviser.
Alongside about 60 other financial companies – including Selectapension and deVere’s UK business, to name a few – the UK arm of Holborn Assets temporarily halted operations in the country, while it worked with the FCA to agree to a new process by which it conducted its defined benefit pension transfer business.
Holborn Assets Embarks on Fundraising Rally for Refugee Children - September 2017
Holborn Assets, a leading financial services organisation, has joined forces with Emirates Red Crescent in an effort to provide a wide range of school supplies for Syrian and Yemeni refugee children.
Over the first week of September, Holborn Assets has been sourcing and funding hundreds of notepads, pens, pencils, art kits, calculators, school bags and more to provide children in Dubai, and those currently living within refugee settlements, with a range of academic equipment.
Holborn Assets has joined the initiative started by Dubai-based Venkatraman Krishnamoorthy of Tamil Nadu, India, who collected a record-breaking 10,000+ kg of stationery for refugee children around the world.
Holborn Assets Appoints Riyad Adamou as Chief Commercial Officer - August 2017
Holborn Assets, the leading wealth management group, has announced it is expanding its executive team with the appointment of Riyad Adamou as Chief Commercial Officer.
Based at the company’s Dubai headquarters, Adamou will take a leading role in Holborn’s global operations and will work closely with Chief Operations Officer, Simon Parker. Adamou’s experience and successful strategic record has secured him an additional position on the firm’s executive board where he will advise on all aspects of the business.
Ex-Globaleye MD Balsdon Joins Dubai-based Holborn Assets in New Role - April 2017
Scott Balsdon, who left the Dubai-based Globaleye advisory business earlier this year after 4.5 years as its managing director, has joined another well-known Dubai firm, Holborn Assets, as a non-executive director.
Holborn Assets in Sri Lanka - March 2017
Dubai-based global financial services group Holborn Assets, recently donated a substantial sum of cash which will be diverted towards maintenance of the Courage Compassion Commitment (CCC) House, a well known charitable organization supporting cancer patients.
The CCC Foundation collaborated with the Ministry of Health and National Cancer Institute (NCI) in 2006 to build a much-needed “Transit Home” for the day patients of the NCI.
Holborn Assets Poised for Growth, Reveals New Head for Sri Lanka - January 2017
Holborn Assets, a leading global financial services brokerage headquartered in Dubai, revealed its new Managing Director for Sri Lanka at a gala dinner attended by all staff in Colombo on 10 January.
Shane Jayemanne, who has been with Holborn since 2011, has relinquished his role as Director of Corporate Development to take on the task of growing the company’s Sri Lanka operations, launched in 2015, as its Managing Director.