Latitude Consultancy, a leading British company in the investment migration industry, has announced its plans for a merger with RIF Trust Investments, a Dubai-based citizenship-by-investment leader in the GCC region.
The merger will expand Latitude’s international network to the ever-important Gulf region and will combine RIF Trust’s leading sales force in Dubai with Latitude’s unrivalled experience in the Investment Migration industry. The transaction is expected to complete by early July.
Eric Major, the founding partner and CEO of Latitude, said: "We are proud to be the first firm in our growing industry to complete a merger and we expect to play a leading role in the months ahead in driving further consolidation in our industry."
"Beyond the market success witnessed by RIF Trust over the years, what excites me the most about this merger is the people we are bringing together. Like Latitude, RIF Trust has a great organizational culture driven by David and Mimoun’s positive “can-do” attitude. It is this corporate ethos that is going to make us very successful in the years to come," observed Major.
RIF Trust CEO Mimoun Assraoui said: "Since our inception over four years ago, our goal has been to work consistently and steadily towards creating the most successful firm in the industry, and now with this merger, we are well on our way to achieving that goal. The depth and experience of Latitude’s senior management combined with our strong sales culture is sure to bring great results."
The Investment Migration industry is expected to see further consolidation in the months ahead, as fragmented and varied-size players explore the merits of joining forces in an ever-growing competitive marketplace, he noted.
A specialist in residency and citizenship-by-investment, RIF Trust prides itself on excellence in service, efficiency in processing and transparency in pricing. The firm has won a number of awards for its leadership position in the Gulf Region, including most recently from the Prime Minister of St Kitts & Nevis for submitting the most applications under the Hurricane Relief Fund.
RIF Trust inspires its clients to look into the future with optimism, to aspire to a world with no borders and to embrace a new bridge to this world, he added.
David Regueiro, COO of RIF Trust, confirmed that both firms will continue to operate under their existing brands until the end of this year.
“RIF Trust has been operating in the UAE for over 4 years and has developed a strong brand and market awareness, so we agreed to maintain the RIF name until we complete a rebranding at some point in the new year,” he added.-TradeArabia News Service