Bramdiva to tap $1.5bn investment fund
Nicola Horlick - dubbed the ‘superwoman' of the UK's fund management world - is to set up a wealth management service aimed exclusively at the region's most well-off women.The service, called ‘Bramdiva', is set to launch in Dubai this year, and - upon its expansion across the GCC - aims to attract up to $1.5bn in regional wealth within the next four years. Like Dubai World's recently-launched 'Forsa' investment fund, Bramdiva aims to take a slice of the estimated $38bn that women in the Gulf have ready to invest.
Information on a Dubai-based partner for Bramdiva was not forthcoming but Horlick is believed to have met with officials of the National Bank of Dubai during a visit to the UAE late last year.
Bramdiva will offer advice on investment opportunities, as well as a number of other services appropriate to the country of operation. For instance, in the UK - where Bramdiva was established in November 2005 - the company offers bespoke advice on divorce cases. However, the extent of services offered will depend very much on demand and local sensitivities.
In Saudi Arabia - where Bramdiva is set to launch after Dubai - the service could focus solely on investment advice.
The news comes just a month after the announcement that Dubai World is to launch an ‘exclusive' $270m fund that will only be open to female investors.‘Forsa' - which will form partnerships with Dubai World companies including DP World, Istithmar and Limitless - will also help encourage female entrepreneurs. Source
Information on a Dubai-based partner for Bramdiva was not forthcoming but Horlick is believed to have met with officials of the National Bank of Dubai during a visit to the UAE late last year.
Bramdiva will offer advice on investment opportunities, as well as a number of other services appropriate to the country of operation. For instance, in the UK - where Bramdiva was established in November 2005 - the company offers bespoke advice on divorce cases. However, the extent of services offered will depend very much on demand and local sensitivities.
In Saudi Arabia - where Bramdiva is set to launch after Dubai - the service could focus solely on investment advice.
The news comes just a month after the announcement that Dubai World is to launch an ‘exclusive' $270m fund that will only be open to female investors.‘Forsa' - which will form partnerships with Dubai World companies including DP World, Istithmar and Limitless - will also help encourage female entrepreneurs. Source
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