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Wealth & Asset Management

09/26/2022

Julius Baer is bullish on the Middle East as region outperforms global business

The Swiss private bank, with $442.7bn in assets under management, will open a new hub office in Qatar next month to boost presence in the region, chief executive says

09/23/2022

Top Rothschild Banker Moves to Dubai

Rothschild’s Asia head of equity advisory Finlay Wright will relocate from Hong Kong to Dubai later this year

09/14/2022

Dubai ranked 23rd-most popular city for world’s ultra-wealthy

The city is home to 67,900 millionaires, new report finds

09/08/2022

Are UAE advice clients unprepared for the wealth transfer?

‘Region has long struggled with the concept of estate and succession planning’

09/05/2022

Remittances of expats in Saudi reach $23.46bln in 7 months of 2022

Personal remittances of expatriates dropped 7.3%

09/05/2022

Bahrain to restructure board of wealth fund Mumtalakat, BNA reports

Mumtalakat, which has alittle more than $18bln in assets under management, released its standalone annual results in June, showing that it had swung to profit in 2021 from a loss in 2020

09/05/2022

Credit Suisse deepens Qatar connection

He is a member of the Al-Thani ruling family of Qatar.

08/30/2022

Rothschild & Co launches a Wealth Management representative office in Israel

This development is in line with the group’s strategy to invest in markets where it has an established network and reputation.

08/22/2022

Saudi billionaire takes £182mn stake in M&G

Last week, FTAdviser revealed that M&G Wealth is gearing up to launch an IFA buyout scheme for firms nearing retirement

08/15/2022

Saudi billionaire’s Kingdom Holding invested $3.4bln globally since 2020

Prince Alwaleed Bin Talal's investment firm bought depository receipts worth $527mln in Russian energy companies earlier this year

08/12/2022

Invesco partners with UAE wealth firm to create model portfolios

To fill ‘gap in the market for tried and tested investment solutions for international clients’

08/12/2022

Invesco partners with Secura International to provide model portfolio solutions

The model solutions are constructed using a robust and disciplined investment process which incorporates extensive manager research to produce optimized multi-asset portfolios aiming to address highly complex investing challenges

08/09/2022

DIFC Launches First Global Family Business and Private Wealth Centre

The Centre is also expected to attract family businesses and UHNWIs from the region and globally to establish a presence in Dubai.

08/08/2022

Northern Trust Asset Management Launches Quantitative ESG Strategy for EMEA and APAC Investors

The NT World Quality ESG Strategy Expands Manager’s Sustainable Quantitative Global Offering in EMEA and APAC

08/03/2022

DIFC unveils private wealth centre

To help UHNWs across the Middle East with succession planning

08/02/2022

Julius Baer makes two senior appointments to reinforce growth of Sub-Region Middle East & Africa out of Geneva

Jonathan A. Conner and Thomas E.M. Kloss will join the Bank in Geneva as Senior Relationship Managers as of 1 August, reporting to Yvan Wicht, Group Head Middle East & Africa Geneva.

08/02/2022

Asset Management FinaMaze completes the Fintech Saudi program

The UAE asset and wealth management firm participated in the Fintech Saudi Demo Day after it successfully completed the Program

08/01/2022

NBO Named Best Private Bank Oman 2022 at World Economic Magazine Awards

NBO offers a full suite of Private Banking Solutions, a portfolio of investment and wealth management products and services including global investment funds and structured products.

07/28/2022

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.

07/28/2022

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

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