Dalma Capital Group Acquires The Global CIO Office

Gary Dugan has been a high-profile investment professional in Europe, Middle East and Asia for the past 40 years. He established The Global CIO Office in the UAE in 2017. Previously, for the core of his career Mr. Dugan was a Managing Director at JPMorgan. He is a former Chief Investment Officer of both Emirates NBD and of the National Bank of Abu Dhabi. He was also the Managing Director and CIO for Asia and Middle East at Coutts, and the Managing Director and CIO of Merryll Lynch Wealth Management EMEA.

“I am delighted to be joining the Dalma Capital family,” commented Gary Dugan. “Our combination will enhance our service for Global CIO’s clients, by leveraging Dalma’s strength and market access not only in the EMEA, but globally. Dubai has become an increasingly attractive domicile for family wealth, and we are positioned to be their trusted advisors.”

The Global CIO Office is an independent outsourced CIO services business with a global network of investment professionals who have typically been CIOs at leading wealth management groups. The team offers advisory, discretionary investment management and consultancy services to wealth management companies and single- and multi-family offices around the world.

The acquisition of The Global CIO Office completes Dalma Capital’s service offering and will create a full-service integrated platform for funds, investment banking and wealth advisory. Importantly, it comes at a time when family offices’ needs for handling the challenging macro- economic landscape is greater than ever.