India-based wealth advisory firm Ambit Global Private Client (Ambit GPC) has officially entered the Middle East market by launching its new office in Dubai International Financial Centre (DIFC). The new entity, Ambit Global Private Client (MENA) Limited, is a wholly owned subsidiary of Ambit GPC and marks a major milestone in the company’s international growth strategy.
The Dubai expansion comes through the strategic acquisition of Moonrock Investments Ltd, a DIFC-registered and DFSA-regulated wealth management firm, which Ambit acquired in November 2024. This move enables Ambit to combine its strong Indian wealth management expertise with Moonrock’s local credibility and established regional clientele.
Ambit Establishes 100% Owned UAE Arm at DIFC via Moonrock Acquisition
With over $9 billion in assets under management and advice (AUM&A), Ambit GPC serves ultra-high-net-worth individuals (UHNWIs) and Family Offices through a comprehensive suite of services. These include discretionary portfolio management strategies, a distinctive Direct Deal vertical, institutional-quality research, and holistic wealth planning.
According to the company’s statement, this UAE expansion reflects Ambit’s commitment to evolving into a global wealth management powerhouse. The acquisition not only strengthens its footprint in the MENA region but also aims to serve a broader spectrum of clients including non-resident Indians (NRIs), foreign nationals, and global Family Offices.
Expansion Targets NRI Investors, UHNWIs, and Global Family Offices
Ashok Wadhwa, Group CEO of Ambit, described the Middle East foray as a transformative step in Ambit’s global journey.
“India’s economic growth presents a significant opportunity and we are positioning ourselves to offer the necessary expertise and platform to navigate both sides. As Indian wealth becomes increasingly global, we are committed to providing our clients with seamless access to world-class financial solutions, wherever they are.”
Amrita Farmahan
CEO of Ambit Global Private Client
Echoing this vision, Amrita Farmahan, said the decision to expand into the UAE was driven by strong demand among both resident Indians seeking offshore investments and international investors interested in India’s economic potential.
“At Ambit GPC, our integrated wealth management platform seamlessly bridges Indian and international markets, providing clients with our unique perspectives,” she added.
The Dubai office further positions Ambit GPC to act as a vital conduit between India and the world, reinforcing its strategy to deliver cross-border wealth solutions that are both tailored and globally relevant.
