GLOBAL: Abu Dhabi-based alternative investment manager Lunate, which handles some Shariah offerings, is buying a strategic stake in Azura Partners – a wealth manager serving ultra-high net worth and high-net-worth individuals, entrepreneurs and single-family offices. Currently headquartered in Monaco, Azura will redomicile and establish new headquarters in Abu Dhabi – but will remain independent, with its Founder Ali Jamal and current management team retaining operational control. The firm has seven global offices in Monaco, Geneva, London, New York, Miami, Singapore and Dubai. Azura now manages US$5 billion in assets under management (AuM), while Lunate has over US$110 billion in AuM.
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