Sanctuary joins Summit Group

Wednesday 07 February 2024

Dubai-based Sanctuary is joining the Summit Group, an independent provider of fiduciary and administrative services, with support from Sovereign Capital Partners.

With the Middle East recognised as a "high growth market for fiduciary services", the addition of Sanctuary "represents a strategic move to capitalise on the burgeoning opportunities within the region", says Summit.

Matt Claxton, CEO, Summit Group, said the addition of Sanctuary gives Summit a presence in Dubai, Abu Dhabi and Saudi Arabia in addition to the Cayman Islands, Jersey, Guernsey, Switzerland and the United Kingdom. 

“I’m delighted to welcome everyone at Sanctuary into the Summit Group," he said.

"It’s clear from our collaboration over the last few months that the leadership team of Sanctuary are like-minded partners. Summit and Sanctuary share a passion for helping clients achieve success and navigate an increasingly complex world. Both pride themselves on providing a personalised, professional and high-quality service to help clients achieve their goals. We are both committed to caring for and supporting our colleagues, and playing a positive role in the communities in which we live and work.

"The combination of our businesses is going to bring benefits to our clients and provide more opportunities for members of both teams.”

Deepak Malhotra, CEO, Sanctuary, said: “This is a great opportunity for Sanctuary. Becoming a member of Summit Group, with its steadfast professionalism, strong financial backing and growing international footprint, will help us provide a more extensive range of services globally to our clients and create opportunities for our people. I look forward to working with Matt and all the Summit Group team.”

Pictured: Matt Claxton.