HSBC expands private banking to cater to UAE’s growing millionaires
HSBC is expanding its existing private banking business in the UAE to cater to a fast-growing high net worth investor…
Wealth and Asset Management
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Global wealth set to contract over 2% in 2022
Global financial assets are set to contract by more than 2% in 2022, the biggest contraction since the great financial…
Julius Baer expands its presence in the Middle East by opening a new Advisory Office in Qatar
Julius Baer has been granted a license from the Qatar Financial Centre Regulatory Authority to open its third Advisory Office…
Asia and Middle East Families Withdraw Assets at Credit Suisse
Several of Credit Suisse’s large private banking clients are reportedly withdrawing assets, including rich families in Asia and the Middle…
KFH – Bahrain launches Wealth Management Platform
Kuwait Finance House , has announced the launch of its digital Wealth Management Platform known as “KFHB Wealth”. The…
Global wealth firm opens Dubai office
Zurich-headquartered private wealth services provider 1291 Group has unveiled an operation in the Dubai International Financial Centre (DIFC). It…
Julius Baer is bullish on the Middle East as region outperforms global business
Julius Baer, one of the oldest Swiss private banks, expects its Middle East business to strengthen as it prepares to…
Top Rothschild Banker Moves to Dubai
A top investment banker at Rothschild is reportedly relocating to Dubai to capture opportunities from the growing Middle Eastern IPO…
Millionaires in Dubai, Abu Dhabi, Sharjah surge close to 100,000 in 2022
Cities in the UAE are now among the fastest-growing wealth markets in the world due to their strong oil and…
Are UAE advice clients unprepared for the wealth transfer?
Every region across the world is currently facing the great wealth transfer. The biggest scale of wealth is being…
Remittances of expats in Saudi reach $23.46bln in 7 months of 2022
The total personal remittances of expatriates in Saudi Arabia during the first seven months of 2022 reached about SR88.16 billion,…
Bahrain to restructure board of wealth fund Mumtalakat, BNA reports
Bahrain's Crown Prince Salman bin Hamad Al-Khalifa, the prime minister, has issued an order to restructure the board of sovereign…