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Boodle Hatfield boosts Middle East private wealth offering

Boodle Hatfield has boosted its Middle East team with two new appointments to launch a dedicated private office offering to cater for the growing demand from that region.

Partner Shaima Jillood and Solicitor Reem Al Jumaily have joined Boodle Hatfield from the Private Wealth team at Charles Russell Speechlys. They follow the appointment of Partner Salpy Kouyoumjian in 2015 from Baker & McKenzie.

Boodle Hatfield has seen over the past 18 months a significant growth in demand and instructions from individuals, family offices and financial institutions from the GCC, the Levant and North Africa (primarily Egypt). The appointments form part of the firm’s concerted drive to grow and develop its Middle East client base further.

The growing team brings a unique offer for individual investors and family offices across the wider Middle East region, that combines an unrivalled understanding of the residential and commercial real estate markets in the UK, the tax implications for overseas investors, first class connections with London agents and private banks, and native Arabic-speaking lawyers in its core practice areas.

Sara Maccallum, Senior Partner, said: “We are delighted to welcome Shaima and Reem. The Middle East is an important market for Boodle Hatfield. Their experience and knowledge of that market will complement that of the existing team and strengthen our offering to Middle Eastern clients.”

Commenting on their appointment Shaima said: “We are delighted to be joining Boodle Hatfield. The firm has a terrific reputation in the private client world, a first class residential real estate team and a growing reputation across the Middle East. Both Reem and I are looking forward to building on the already successful practice.”

Shaima brings to the firm extensive experience of the high net worth residential property market, working with both domestic and international clients. She speaks fluent Arabic and has a strong understanding of the cultural demands of Middle Eastern individuals and their family offices, with a successful practice acting for Middle Eastern clients investing in the UK residential market.

Reem also specialises in the UK residential property market, is fluent in Arabic, and brings extensive experience in representing Middle Eastern companies and investors.

Both Shaima and Reem have strong relationships with Middle East, Islamic and private banks and London agents, complementing Boodle Hatfield’s existing residential property practice.

Saskia Arthur, Partner and Head of Residential Property at Boodle Hatfield, said: “London continues to attract overseas wealth, and residential property, whether as a family home or investment, continues to be one of the most desired assets. It is a real coup to have Shaima and Reem join our residential property team, and we look forward to working alongside them both.”

Boodle Hatfield’s residential Real Estate team has over the past five years transacted over £1 billion of residential sales and purchases, with individual values in excess of £50 million. Its focus is on the prime central London market, residential development, enfranchisement, and country houses and estates.

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240 Blackfriars Road
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DX 53 Chancery Lane

Telephone: +44 (0)20 7629 7411
Fax: +44 (0)20 7629 2621
Email: bh@boodlehatfield.com

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