The United Arab Emirates is one of the strongest markets for financial advisers globally, with great potential for further growth provided challenges are successfully overcome, according to a survey by Natixis Global Asset Management.
The chief executives of the biggest brokers and financial intermediaries in the UAE are to be brought together for the first time to discuss the future of the industry at International Adviser’s Gulf Expert Investor Forum next month.
HSBC Holdings has promoted two of its senior bankers in the British lender’s Middle East North Africa (MENA) region, following its former chief executive Simon Cooper’s departure to head up HSBC’s Global Commercial Banking division earlier this month.
Deutsche Bank has appointed Fahad Albader and Adel Dagher as co-heads of asset management coverage for the MENA region.
Coutts has announced the creation of an advisory board to help with the company’s expansion plans in the Middle East.
When Walmart founder Sam Walton lost a bet in 1983, he did as he said he would, and did the “hula” in a grass skirt and lei (necklace made from flowers) on Wall Street in New York.
Zurich International Life in the Middle East has split its bank distribution division, creating two separate channels dealing with local and international bank relationships.
The idea of a new professional association which promotes financial advice in the Middle East has been given overwhelming endorsement by advisers in a survey.
Sukuk Issuance looks set to reach $100 billion, according to Standard& Poor’s rating service, although global economic fluctuations and structural issues may threaten to impede this growth.
Western expatriates based in the United Arab Emirates are less prudent than their counterparts in Singapore and Hong Kong when it comes to financial planning, according to a new study released today by Standard Life.
A former private banker has been fined AED73,000 ($20,000, £12,500) and banned from working in the Dubai International Finance Centre for six years.
A significant opportunity is presenting itself to advisers in the Middle East and Asia, according to research from Natixis, as investors seek to increase risk but are currently under-advised.
