Paradyme SOS Corporate Services has officially launched its office in the Dubai International Financial Centre (DIFC), aimed at providing comprehensive operational solutions for wealth and asset managers. DIFC is recognized as the leading global financial hub for the Middle East, Africa, and South Asia (MEASA).

Founded by Ken Ginsburg, a veteran in the investment management industry, Paradyme offers a first-of-its-kind fully integrated non-investment solution designed to assist firms in the DIFC. This turnkey platform is tailored to meet the needs of both new and established asset management firms, enabling them to efficiently launch or expand their operations in the region.

Paradyme’s services encompass a wide range of operational complexities, including compliance, accounting, technology, administrative support, audit, and corporate governance. The compliance module is powered by Optima Partners, a global compliance firm, and the UAE branch is led by Nick Walling, who has 17 years of experience with the Dubai Financial Services Authority (DFSA).

Ken Ginsburg emphasized the importance of Paradyme’s mission, stating, “Paradyme exists to radically simplify this process. We handle the full spectrum of non-investment requirements so our clients can focus on what matters most: managing portfolios and growing their businesses.” He expressed that if Paradyme had been available when he was launching firms in the region, it would have significantly saved time, money, and energy.

Licensed by DIFC, Paradyme provides a model that combines the advantages of having an insourced Chief Operating Officer (COO) and a complete back-office team, while also offering the agility and cost-effectiveness of an outsourced platform. This model is particularly beneficial for boutique asset managers and spinouts that need a smooth entry into the market, as well as large global managers interested in a smaller regional presence.

The launch of Paradyme comes at a pivotal time, as the wealth and asset management ecosystem in the region is rapidly expanding. Salmaan Jaffery, Chief Business Development Officer at DIFC Authority, noted that the sector now includes over 420 companies, underlining the growth in demand for expert operational support.

Paradyme’s principles focus on allowing clients to prioritize investing over operational infrastructure, ensuring responsive service, and permitting companies to delegate operational and regulatory oversight to experienced professionals. The firm also offers accelerated time to market with pre-negotiated agreements and regulatory expertise, providing scalable solutions that evolve with clients’ needs.

With its DIFC office now open and accepting clients, Paradyme is poised to make a significant impact in the asset management landscape.