HSBC appoints a Hong-Kong based global head of private wealth solutions, Fidelity creates a head of stewardship and sustainability role, while Momentum Pensions has named a head of business development for the Middle East and Asia.
Holborn Assets has acquired Globaleye Hong Kong, in a move that sees the Dubai-headquartered advice firm exit the special administrative region.
St James’s Place has made two senior hires from The Fry Group in Singapore, Jupiter Asset Management has parted ways with its head of UK retail and Credit Suisse has boosted its Asia investment team.
Saudi Arabia’s Ministry of Labor and Social Development has categorically denied a rumour that expat workers in the kingdom will be hit with a 10% tax on their monthly salaries.
Financial advisory firms operating in the UAE say while they still have questions about how the government’s new Value Added Tax (VAT) impacts the financial sector, it is better to be safe than sorry and assume it applicable to the services they provide.
Inflation rates rising, the Chinese economy slowing and the US pushing back against free trade agreements are all real possibilities investors must “carefully monitor” in 2018, according to deVere Group chief executive Nigel Green.
How ready are financial advisers for the wave of new rules expected to be firmed up and introduced by regulators in the UAE during 2018 and beyond?
Saudi Arabia and the United Arab Emirates introduced a Value Added Tax (VAT) levy for the first time on 1 January, which is expected to produce an income of $3.3 billion for the UAE government in just one year.
A new family tax in Saudi Arabia, Abu Dhabi’s biggest ever scam and the UAE pushing ahead with a major life industry overhaul were some of the most read stories by our Middle East audience in 2017. To see the others, click through the slides.
Friends Provident International’s Philip Cernik sets out his view on what clients are expecting from advisers in 2018.
Zurich International Life’s Andrew Dawson gives insights into the prospects for financial advisers in Dubai and elsewhere in the region.
Pension schemes could soon be available for expat workers in the UAE, following a study that recommends replacing traditional end-of-service gratuity schemes with a savings investment fund.
