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

Oman’s financial wealth may reach $89bn by 2026

As per the BCG report, global financial wealth grew by a staggering 10.6 per cent from 2020 to 2021—the fastest rate in over a decade.

Qatar’s financial wealth to grow by 3.9% annually, reaching USD 0.4trln by 2026

A new BCG report expects that Qatar’s financial wealth will rise from USD 0.3 trillion in 2021 to USD 0.4 trillion in 2026

UAE’s financial wealth to grow by 6.7% annually, reaching USD 1trln by 2026

Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change.

Exclusive health insurance for UAE Golden Visa holders

DHA official says it ensures security, as premiums for Daman’s packages begin at Dh2,393

GCC’s Financial Wealth To Grow by 5.2% Annually, Reaching USD 3.5 Trillion by 2026

It is also expected that life insurance and pensions will become the third largest asset class over the next five years.

Middle East’s best bank for wealth management 2022: UBS

The result is a growing business and product range attracting more new wealthy clients.

UAE turning into a epicentre for family offices: Al Khalifa

Dubai-based private office is passionate about investments in renewable energy, electric vehicles, solar panels and vertical farming

J.P. Morgan Private Bank expands Middle East and North Africa team with key hires in Switzerland

Based in Geneva, Switzerland, Yazeed Mohammed Alsubeaei and Ghadeer Yusuf will help drive the Private Bank’s business strategy and growth advising UHNW individuals and families on effectively protecting, managing and growing their wealth

National Bank Of Oman Launches Private Banking

NBO’s Private Banking is a platform offering a portfolio of investment and wealth management products and services including, global investment funds and structured products, offering customers the opportunity to invest in a wide range of robustly m

Citigroup’s $US1b family office clients profit from wild markets

Some of the biggest and most sophisticated include Ray Dalio’s namesake family office, Michael Dell’s MSD Capital and Stanley Druckenmiller’s Duquesne Family Office.

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.

Wealth & Asset Management