Our corporate background
Tharwa Management Consultancy is a wealth advisory and strategic planning firm dedicated to serving large, complex families of significant wealth, entrepreneurs and corporate firms throughout the Middle East. Tharwa provides advisory services on a wide range of strategic issues related to businesses, investments, succession and funding needs. Tharwa also acts as an independent partner conducting business and organizational reviews, developing implementable strategic and business development plans from market analysis through to project execution and launch of new business lines.
The firm was founded in October 2007 and is led by a team of management professionals deeply experienced with strategic planning, wealth management, family office investment and succession planning issues. Tharwa’s business operation is in Dubai and the client base spans the region.
Tharwa Management Consultancy has a differentiated proposition through its alignment to broader strategic interests. At the foundation of all its practices, the professional team at Tharwa seek to provide independent guidance on the creation and preservation of family wealth and business profitability. In addition, Tharwa focus on assisting families to structure their family and corporate investment plan and implement cross-generational succession strategies to ensure family and business continuity.
Our specialist skills
Tharwa management has identified eight specialist skills areas where it adds significant value for clients. These are:
- Creating integrated wealth management strategies
- Fostering communication, leadership and trust
- Being a conflict-free independent advisor and mentor
- Formalising the structure and governance of both families and corporations
- Assisting in the control and management of investment risk
- Providing a comprehensive and consolidated picture of total wealth
- Obtaining favourable commercial relationships from service providers
- Partnering in the management of the family and corporate interests with existing advisors
Our world-class partners
Aside from the specialist consulting and advisory services within Tharwa Management Consultancy, the business has secured the co-operation of world class businesses involved in the world of family offices, wealth management and management consultancy. These businesses are in the field of legal advice, investment management, tax and accounting services, corporate finance and management consulting. The viewpoint of the firm is that its role for clients is to bring together the world’s leading experts in one solution that addresses the particular issues at hand.
The management team draws from international markets experience in wealth management, asset management, multi family office services, strategic advisory and management consultancy. The backgrounds of the professionals span regional markets as well as Switzerland, United Kingdom and the United States.
The team is led by Faranak Foroughi, founder and CEO, who has over two decades of private banking and investment management experience working for families and ultra-high net worth clients in the Gulf.
Ruth-Marie Mackrodt has over 18 years experience in private banking, focusing on developing a UAE client base and family office function, and was involved in a number of substantial commercial property transactions.