WEALTH & INVESTMENT
A growing and evolving regional market Recent world events, the widening concerns of clients, current growth in the sector and the consequent hastening of digitisation has led to a new approach in the provision of wealth and investment services in the region, and the talent needed to service it. Basit Sajid Saiyed Head of IWS UAE & MENAT, HSBC Bank Middle East talks with MEA Finance about these developments
40
Banking and Finance news in the MEA market
W
hat is driving the growth of wealth management and investment services in the GCC and the Middle East?
Local and global factors are at play in the region. Locally, economies in the region have been liberalising and their economic diversification plans – which are some of the most ambitious economic transformation programmes in the world today, have and continue to gain additional traction. Across the world, the recovery from the global pandemic has had a clearly obvious impact on oil prices, which has in turn has strengthened public finances. This mood music has definitely influenced our customers, who are seeing the region as a safe and reliable area in which to invest.
