The Chartered Institute for Securities & Investment (CISI), the professional body which provides the Certified Financial Planner designation in the UK, has awarded CISI Chartered Firm status to wealth manager AHR Dubai.

AHR is a Financial Planning and wealth management firm licensed by the UAE Securities & Commodities Authority and is the AHR is the second UAE-headquartered firm to achieve Chartered firm status. 

The CISI says it has had “significant interest” in Middle East firms becoming Chartered.

CISI Chartered firms must have regulatory recognition and at least 50% of staff in their core area must be individually chartered with the CISI. They must also have a CISI qualifications and CPD programme and the firm’s purpose and values must align with the CISI Code of Conduct, the CISI said.

The City of London-based CISI says it has 52,000 members, including students, in 100 countries around the world.

Tyla Phillips, group executive director of AHR, said: "We are immensely proud of this achievement and recognition from CISI, which highlights our commitment to the high standards of professionalism and our code of conduct.

“This achievement underscores our commitment to nurturing talent and fostering a culture of excellence. As an organisation we encourage all employees in pursuing their further educational needs to advance their career, as well as increase their knowledge and professional development.”

Matt Cowan, Chartered MCSI, CISI regional director, said: “We are delighted to welcome AHR Dubai as a CISI Chartered Firm.

“This milestone not only underscores their commitment to the highest standards of professionalism and ethical conduct but also supports the UAE’s vision of becoming a leading global financial hub.

“We look forward to assisting AHR with their Continuing Professional Development (CPD) requirements and those set out by the SCA, and we are excited to see more firms in the region strive toward achieving CISI Chartered Firm status in the future.”