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Wealth company Azura to leave Monaco for Abu Dhabi

By Sunil Singh
As part of the Lunate deal, Azura will relocate its headquarters from Monaco to Abu Dhabi Unsplash/Rishi Jhajharia
As part of the Lunate deal, Azura will relocate its headquarters from Monaco to Abu Dhabi

Lunate, an Abu Dhabi-based alternative asset manager, has acquired a stake in Azura Partners, a wealth management firm in Monaco.

Azura, started by former Julius Baer executive Ali Jamal, manages assets of around $5 billion and serves high-net-worth and ultra-high-net-worth clients. 

As part of the deal, Azura will relocate its headquarters from Monaco to Abu Dhabi, Lunate said in a statement on Wednesday, without disclosing the deal value.

Lunate has more than $110 billion in assets under management and is part of UAE-based investment platform 2PointZero, a subsidiary of Abu Dhabi conglomerate International Holding Company.

“With demand for alternative investments on the rise, Azura will be well-placed to offer HNW and UHNW investors enhanced access to opportunities in private markets,” said Murtaza Hussain, Lunate’s managing partner.

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