family offices on radar as insight discovery

Financial research firm Insight Discovery is set to begin its annual Middle East Investment Panorama in the coming weeks, and will this year include a study of family offices operating in the GCC.

family offices on radar as insight discovery

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The Dubai-headquartered firm said, owing to demand from asset management and life companies, it had decided to include a supplement which will “lift the lid off the mysterious world of family offices in the GCC”.

Insight Discovery chief executive, Nigel Sillitoe, said he believed last year's research, MEIP 2013, was the largest ever conducted among investment professionals working in the GCC, and was supported by “every life company active in the region”, in addition to many local and international asset management firms.

There has been a surge of activity in the Middle East, particularly in Dubai, in recent weeks, with a raft of asset managers announcing an intention to open there. The list includes First State Investments, which plans to open in Dubai by June, Wells Fargo and Lazard Asset Management which poached a number or ING Dubai top brass.