International law firm Ince Group has launched a new consultancy business in Abu Dhabi aimed at clients within maritime and aviation.
The move marks yet more growth in the London-headquartered firm's international network, which has expanded this year by taking over businesses in Singapore and Cyprus.
Ince said the new practice, known as Ince Consultancy Abu Dhabi, will provide clients worldwide with access to experts who can support them sourcing bank and alternative finance for their vessels of all ages.
Its consultants will also provide support in maritime transactions and specialist financial advice for maritime organisations, the firm said on Thursday.
Adrian Biles, chief executive of the Ince Group, said the new consultancy aims to help its client navigate the "turbulent" business environment.
"The coronavirus pandemic has highlighted the fragility of the financial markets, specifically around the commodities industry," he said.
"This asset class is crucial to the transport and maritime sectors, where we have a strong client base.
"We have identified a unique opportunity to launch a new practice based in the Middle East, to advise clients on how to successfully navigate through this turbulent environment over the coming months and years."
Managing director Knut Mathiassen will lead the new venture and joins Ince from marine equipment giant Wartsila, where he has worked as a financial services advisor.
Mathiassen has previously worked for major European banks like Standard Chartered, Natixis and DNB, accumulating transaction experience in maritime consulting, ship finance and financial advisory services.
He has previously advised in raising debt and equity finance for fleet renewals as well as in expansion, restructurings and sale and leaseback transactions, according to Ince's website.
The new practice will operate from an office based at the Abu Dhabi Global Market (ADGM), the emirate's international financial services hub.
It will be fully regulated by the ADGM’s Financial Services Regulation Authority, whose rules are broadly modelled on the UK's Financial Services and Markets Act 2000 and other related legislation.
