InCred Acquires Dubai-Based Arrow Capital to Expand in the Middle East
In order to strengthen its foothold in the Middle East, the InCred Group, focusing on financial services, has made a substantial acquisition of Arrow Capital, a boutique financial advisory firm, based in Dubai. The company, formed in 2016, has Barbados-(and Cayman?)-registered status under the Dubai Financial Services Authority, and focuses on wealth management, investment advisory, corporate finance, and asset management services for ultra-high-net-worth individuals, families, trusts, and corporate entities.
In a press release, InCred asserted that this acquisition would further increase its global capabilities in wealth management, investment banking, and asset management. This acquisition would be a step in the growth of InCred, covering areas in the Middle East and Africa. Thus, InCred would develop a Global Wealth vertical managing over $2 billion in third-party assets across Dubai, Singapore, and London.
Bhupinder Singh, founder and CEO, pointed out that this acquisition was significant due to Arrow Capital having a detailed understanding of markets in the Middle East and Africa. He added that Arrow’s well-developed client relationships and broad range of services will enable InCred to optimally serve sophisticated clients.
The InCred Group brings together a collection of businesses in financial services across sectors: InCred Finance, a lending-focused non-banking financial company; InCred Capital, an institutional, wealth, and asset management platform; InCred Money, its retail wealth tech investment distribution vertical; InCred Global Wealth, an independent advisory for wealth; InCred Premier, an investment platform; and InCred Alternative Investments. Each of these is positioned to complement InCred’s service offerings and provide a strong foundation to build its market presence.