Dubai International Financial Centre announced that employee-owned wealth manager Bentley Reid has opened a Dubai office in the Centre through Bentley Reid (DIFC) Limited, which has been granted a Category 4 regulatory licence by the Dubai Financial Services Authority. The Category 4 licence allows the firm to arrange and advise on its holistic wealth management services from DIFC. CEO Peter Clark has relocated from the UK to establish the new operation, and the firm has secured office space in DIFC’s new Funds Centre. DIFC positioned the launch as part of its growing wealth management ecosystem, noting it hosts more than 1,000 family-related entities, including 120 family offices managing USD 1.2trn in assets globally.