Banking group unveils wealth offering for UHNWs in UAE
As the region ‘fast emerges as the destination of choice for ultra-wealthy individuals’
As the region ‘fast emerges as the destination of choice for ultra-wealthy individuals’
Maximum fine will be $50,000
It already has a presence in the US and Singapore
Acquired firm has operations in Switzerland, South Africa and the UAE
Morningstar Wealth’s Mark Sanderson says he is ‘really optimistic’ about the international space
‘Greater transparency and tighter regulations’ highlighted as reasons for improved public opinion
Company will have an operation located in the Dubai International Financial Centre
Firm has received in-principle approval to open an office in the Dubai International Financial Centre
Asset management giant will provide the Abu Dhabi-headquartered company with multi-asset portfolios
Licence will ‘serve as the platform for our next phase of growth’
It has private wealth hubs in a range of European countries including Switzerland and Luxembourg
Consultation ends on 24 March 2023