Latitude & RIF Trust Announces Ground-breaking Merger
19 June 2018
Latitude Consultancy, the leading British firm in the Investment Migration industry, has announced today the planned merger with RIF Trust Investments LLC, the Dubai-based citizenship-by-investment leader in the GCC. 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, Founding Partner and CEO of Latitude, comments: “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”.
Mimoun Assraoui, CEO of RIF Trust, added “Since our inception over 4 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.
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”.RIF Trust specialises in residency and citizenship-by-investment and prides itself on excellence in service, efficiency in processing and transparency in pricing. The firm has won a number of awards for their 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.
Latitude Consultancy is a leading British firm in the Investment Migration industry which offers industry-leading insight and expertise to private clients and governments. Beyond its growing private client practice, Latitude also provides government advisory services, helping countries attract these global elites and their capital to their shores. With the support of its international partners and institutional relationships, Latitude provides genuinely innovative products, competitively priced services and customer-driven, hands-on delivery.
About RIF Trust: Founded in the financial heart of Dubai, RIF TRUST was born from the need to extend the benefits of freedom of international travel as well as asset optimization for High Net-worth Individuals. The company only offers programs that are supported by governments, and we deal with such governmental partners directly, without intermediaries. Visit www.riftrust.com for more information.
About Latitude Consultancy: LATITUDE brings the combined experience of its Founders, who collectively have over 75 years of achievements in the Investment Migration industry, to the benefit of its private-clients and governmental partners. The senior management of LATITUDE has been advising on residency and citizenship programs for over 20 years and has been involved in the set-up, operationalisation and international launch of some of the leading residence and citizenship-by-investment programs in the world. Visit www.latitudeworld.com for more information.