PraxisIFM’s plans for expansion in the Middle East have been bolstered with the acquisition of Geneva-based fiduciary and accounting companyBalmor Management SA. The company specialises in providing family office and fiduciary services primarily to Middle East clients.

Balmor’s founder Hakim Berhoune will join the existing PraxisIFM’s team in Geneva, focussing on business development and client relationships. Mr Berhoune has also joined the board of PraxisIFM Trust SA in Geneva.

"PraxisIFM has been looking to develop the Middle East market and the group’s capabilities will be enhanced by this ac...