Addepar, a prominent global data and technology platform that supports investment professionals, has announced the opening of its first office in Dubai, located in the Dubai International Financial Centre (DIFC). This office will serve the Middle East and Africa (MEA) region, allowing Addepar to better cater to its expanding clientele, which includes family offices, wealth managers, banks, and sovereign wealth funds in the area.

By establishing a local office, Addepar aims to strengthen its partnerships within the region’s dynamic financial ecosystem and enhance collaboration with firms that are looking for top-tier technology solutions. This development is part of Addepar’s broader strategy for global expansion, which currently includes a workforce of over 1,000 employees, with more than one-third of them based outside the United States.

Peter O’Brien, Global Head of Growth and Partnerships at Addepar, expressed excitement about the new office, stating, “We are thrilled to establish roots in the UAE with our new office in Dubai, a city that stands at the forefront of global financial innovation.” He emphasized that this expansion demonstrates Addepar’s commitment to equipping investment professionals in the MEA region with the necessary insights and tools to enhance client outcomes.

This new office is expected to bolster Addepar’s standing as a global partner for investment professionals. The platform currently manages over $7 trillion in client assets and services more than 1,200 firms across 45 countries. The MEA region presents significant opportunities for Addepar, being a hub for financial growth and innovation with a notable volume of assets managed locally.

Addepar’s establishment in DIFC highlights its dedication to transforming how investment professionals manage complex portfolios and deliver exceptional value to their clients worldwide. As Tobias Pfister, CEO of Equalis Capital, noted, Addepar has significantly impacted their business, allowing them to provide clearer and more effective advice to clients over the past decade.

The launch of the Dubai office reinforces Addepar’s commitment to supporting investment professionals with advanced technology and data solutions, thereby contributing to the evolving landscape of the financial sector in the MEA region.