Dubai International Financial Centre has published an update on Gordian Capital’s intention to expand to Dubai and establish a presence in the DIFC, subject to regulatory approval by the Dubai Financial Services Authority. Gordian plans to offer in the Middle East a similar institutional fund platform service to that provided in Singapore, Hong Kong and Tokyo, aimed at global firms seeking a regulated entry pathway. Global alternative asset managers are expected to make up the primary client base. The planned DIFC fund platform would leverage Gordian Capital’s experience acting as the manager and providing physical and operational fund infrastructure, with the platform handling business and operational management while investment professionals focus on investing; the firm cited USD17bn in assets under management, more than 115 funds launched, and 96% of AUM originating from institutional investors. Establishing the DIFC presence and launching the platform remains contingent on DFSA approval.