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

Global Wealth Report 2021

Credit Suisse Research Institute published its twelfth Global Wealth Report showing continued wealth growth

Lebanese Money in Switzerland Record-High

Lebanese clients parked more money in Switzerland than ever last year. This comes against the backdrop of French as well as Swiss investigations into potential irregularities at Lebanon's central bank.

Wealth management 2.0: How has the regional landscape evolved

Wealth management has gone through layers of disruption to morph into its current advisory form

Shuaa Capital launches digital wealth management arm

Shuaa's launch comes as number of tech-focussed investor base grows in Middle East

SS&C Intralinks Sees Steady Increase in Global Mergers & Acquisitions Activity in Q3 2021

Continuing the positive trend, the amount of announced global M&A volume is expected to grow by greater than 10% in Q3 compared to the same period last year

Broadridge Collaborates with AWS to Extend its Private Market Hub, the Industry-Leading Private Equity Blockchain Solution

Latest release adds connectivity to existing industry tools and technologies

Mashreq partners with Comarch to digitize wealth management and enhance customer experience

A comprehensive suite of new digital technologies as well as a strong client experience

Masraf Al Rayan launches high-end metal credit card

The “By-Invitation-only” the Visa Ultra High Net Worth metal card is now available exclusively to Masraf Al Rayan’s Ultra High Net Worth Private Banking Customers; it also offers cardholders faster and more convenient shopping experience

HSBC issues first green mortgages in the UAE

The three sustainable loans are also the first green mortgages issued by HSBC globally

Quilter Cheviot celebrates fifth anniversary in Dubai

2021 also marks the 250th anniversary since the inception of Quilter Cheviot in 1771 in the UK.

Citi retail units seen fetching $6bn as sales kick off

Citigroup ultimately plans to exit retail-banking operations in Australia, Bahrain, China, India, Indonesia, South Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam

GCC Family Offices, engaging in direct investment Private Equity deals really means finding the right partner.

The amount of people looking for family office capital rose dramatically.

Qatar Financial Centre Authority signs MoU with Labuan IBFC Inc enhancing

Asia and MENA financial sector ties

Wealth firm launches in Dubai under DFSA rules

Bold expansion plans include more staff and a larger portfolio of clients to offer relevant and customised solutions

Dubai improves ranking on lifestyle index as the rich continue luxury spending

Julius Baer Lifestyle Index 2021 is based on the prices of a basket of consumer goods and services that reflect the HNWI lifestyle

BMO refocuses Wealth Management business for North American growth, announces sale of EMEA Asset Management business

As part of the transaction, BMO and Columbia Threadneedle will also establish a strategic relationship to offer BMO's North American Wealth Management clients opportunities

Global Wealth and Lifestyle Report 2021: Key Findings

Julius Baer’s Global Wealth and Lifestyle Report 2021 explores the evolving world of high-end consumption.

Gulf states should not ignore value of talented, wealth-creating expats - PwC

PwC says increasing taxes could weigh on businesses and impede efforts to attract foreign investment

Labuan IBFC: The Fastest Growing Captive Insurance Centre in Asia and MENA

The report also indicated that although global captive numbers fell slightly in 2020, there was a surge in captive cell formations, which provides an efficient and convenient alternative to single parent captive structures.

Abu Dhabi investment firm buys UAE wealth manager

Company ‘aims to be the one stop shop for its clients’

Wealth & Asset Management