Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

Saudi foreign direct investment inflows rise 9.5% in first quarter

The FDI inflows were at $1.97bln in the first quarter of 2022, the ministry added

NBO launches private banking

Leveraging the latest technology, industry insights and analysis, courtesy of its team of consultants, NBO is guiding customers towards long-term financial well-being.

Most high net worths in Middle East don’t have a wealth succession plan for family business

An exclusive survey by Lombard Odier also finds the overwhelming majority intend to keep their wealth in the region for the foreseeable future

A majority of Middle East HNWIs do not have a wealth succession plan in place for their family businesses

Lombard Odier’s exclusive survey reveals

When the commodity traders flee from Geneva to Dubai

So while Switzerland suffered for decades from the general suspicion of having a lax attitude towards all kinds of trading activities, a trend reversal now seems to be in the offing.

LGT to create Region EMEA

The new setup will become effective as of 1 January 2023.

Syz Bank Loses Head of Europe Private Banking

In the meantime, Romanos function will be done ad interim by Roman Bruner as the search for a successor is in progress.

UAE will attract largest number of millionaires in 2022: report

While destinations that traditionally attracted wealthy investors are losing their lustre, the UAE has been making a stellar ascent as a wealth hub

UAE golden visa programme attracts investment and talent, report finds

Wealth and migration trends report finds country’s agile approach has paid dividends

The Family Office winner of Best AI Use-Case Award by World AI Show and Awards

Having recognized the importance of digitalization years ago, The Family Office embarked on a digital transformation journey in 2020.

How wealth advisory must be customised for the new generation

Millennials and Gen Z are increasingly take their place in the boardrooms of family businesses

One in three wealth managers expect dramatic expansion over the next three years, Oxford Risk research shows

The forecasts of expansion build on the impact of the COVID-19 pandemic in terms of on the adoption of technology across the region with lockdowns and restrictions forcing companies to find new ways of working.

Julius Baer to expand into Qatar to drive the next phase of growth in the Middle East

Julius Baer has therefore hired Slim Bouker to support its ambition to expand into Qatar and lead the Advisory Office, once all regulatory approvals for the office and for his appointment are in place.

Three Opportunities

Vietnam continues to enjoy healthy capital inflows as overseas companies seek to diversify their Asian manufacturing bases away from China.

Oldest private bank in Andorra merge their Israel-based asset management firm

The oldest private bankers firm in Andorra, Andbank, will link its Israel-based asset management firm Sigma Investment House with Tel Aviv-based Clarity Capital Group.

Attitudes to Islamic Wealth Management in a Shifting African Private Wealth Landscape

Africa’s private equity landscape is experiencing a fundamental shift. A budding generation of wealthy individuals are seeking to circumvent dwindling local economies in favour of outbound investments into new markets and alternative assets.

Interview: Singapore-based robo-advisory firm StashAway eyes MENA expansion

Zawya talks to Ramzi Khleif, General Manager – MENA of robo-advisory firm, StashAway, about the emerging investment trends in the region

Gulf Steam: economies in the region gather pace

Mega projects like Saudi Arabia’s new sustainable city NEOM could drive up foreign investment and tourism across the region.

Wealth managers expect asset management industry to hit $2 trillion faster than expected

Research from Oxford Risk predicts a push from international financial institutions to expand in the region

Exclusive survey by Lombard Odier shows high-net-worth Middle East investors’ strong shift to sustainable investment and Islamic Finance

85% of the surveyed 300 HNW investors in the Middle East intend to increase their exposure to ESG or sustainable investments in the future. 81% already take sustainability and ESG into account when making investment decisions

Wealth & Asset Management