25.09.2012 - Insights from the GCC’s top private bankers
The Middle East contains an estimated $4.5 trillion of private wealth, according to the Boston Consulting Group. In recent years rapid growth has positioned it as a highly lucrative market that private banks are hoping can turn around their fortunes. Amid a global squeeze on tax evasion and a spiralling Eurozone debt crisis, wealthy Middle Easterners have taken centre stage. The Gulf Business Private Banking Report looks at how wealth managers intend to tap this pool of money and what makes private clients tick. Others are using Dubai as a private banking launch pad to reach new GCC markets and branch out into Islamic finance...............................................Full Article: Source
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