Singapore-based WRISE Group has officially launched WRISE Middle East, a subsidiary office based in Dubai. This office is specifically designed to cater to the operational requirements of high-net-worth individuals and their family offices in the United Arab Emirates (UAE) and the broader Middle East region. The establishment of WRISE Middle East follows the acquisition of the Category 3C license in 2022."The UAE is set to see an increase of 24.6% in the number of high net worth individuals (HNWIs) by 2025," said Derrick Tan Chairman, WRISE Group. "With an increasing congregation of the wealthy in this part of the world, we are excited to offer our services, expertise and technology to the ultra-wealthy community to meet their myriad wealth management and estate planning needs."Concurrently, WRISE Group has appointed Dhruba Jyoti(DJ) Sengupta as Chief Executive Officer (CEO) of WRISE Middle East. Sengupta, with over 25 years of experience in the financial industry across the Middle East and North Africa (MENA) region, brings valuable expertise. Having held senior wealth management positions at international financial institutions such as Citibank N.A. and serving as the CEO of a family office, he is well-positioned to lead the growth of the Dubai team of client servicing experts and expand WRISE's offerings in these dedicated markets."Dubai has traditionally been a hot spot for UHNWIs in the European and the Mena regions to live and work, so with more of the world's wealthy expected to migrate here, I strongly believe that our depth of investment and wealth management expertise, together with TREX, our highly customisable wealthtech platform, will be key to meeting their modern wealth management demands in this digital age," said DJ Sengupta.