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

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.

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.

Wealth & Asset Management