But is the UAE yet offering a competitive service in the single-family office and the multi-family office segments, both of which are seeing a rapid expansion globally and especially in recent years in Asia? Can the GCC region compete with Singapore, Switzerland, London etc? Moreover, the region is hoping to draw more global money into the GCC market, especially perhaps Muslim clients from around the globe. The expanding family office proposition in the region is another interesting area for the market, as the private sector and the regulators strive to keep more of such UHNW clients at home in the region via SFOs, and also HNW clients via MFOs. We will again aim to structure this discussion into three elements – The Big Picture Today - Where are We Now? Building the USP & Expanding Revenues and Technology & Digitisation.įor wealth management to thrive in the Middle East, there is no doubt that the quality of advice on investments, wealth structuring, and estate planning must improve hence there is a growing emphasis on both greater professionalism and the related expansion of the products and solutions the industry can offer in order to keep their private clients engaged. Hubbis has assembled an outstanding panel of private bank and wealth management leaders to offer their insights on the evolution of the industry and of their businesses since the pandemic, and most importantly, to focus on the foreseeable future and to explain how they are positioning for success. The state of the private wealth management industry in the GCC will be debated in depth at the August 31 Hubbis Digital Dialogue event, with an erudite panel of experts who will review the evolution of the market there to date, offering their views on what both the authorities in the region and by the private sector must do to more fully help the industry attain more of its full potential.
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