International financial advisory firm Globaleye has shut down its operations in Qatar because of the ongoing crisis in the region, the company told its clients.
In correspondence seen by International Adviser, the firm said that the situation has “created operational difficulties” and, as part of its global restructuring programme, “Globaleye has decided to cease its operations in Doha”.
“This obviously means that your previous wealth manager, as a result of this decision, cannot represent Globaleye in Qatar in any capacity with immediate effect,” the company said.
However, Globaleye will be offering services to its clients through online after transferring the files to the firm’s head office in Dubai and support will be extended through Globaleye’s online systems.
However, the company added that while it believes its online services and customer relationships management team in Dubai will be able to service Qatar-based clients, “we appreciate that you may wish to move your servicing rights to another company in Qatar”.
Globaleye said it “would respect such a decision”, but recommended clients seek its guidance to find a suitable replacement.