Mercer, the investment consulting branch of US services company Marsh & McLennan, anticipates that its wealth division will at least double its assets under management (AUM) in the Middle East. This growth is expected to continue despite current economic challenges. Yasir AbuShaban, a principal at Mercer Wealth based in Dubai, stated that the company aims...
Avaloq, a well-established player in private banking, wealth management, and investment management technology, has officially opened its new regional office in the Dubai International Financial Centre (DIFC). This move comes after the company signed a partnership with InvestGB, the wealth and investment management arm of Gulf Bank, and secured another major client in the Gulf...
Dubai has experienced significant growth in its millionaire population, doubling in size over the past decade to reach 81 200 individuals with at least $1 million in investable wealth. This remarkable increase of 102% makes the emirate one of the fastest-growing wealth hubs globally, according to data from Henley & Partners and New World Wealth....
Dubai is rapidly gaining recognition as the ultimate wealth hub in the Middle East, attracting millionaires and billionaires from regions such as Saudi Arabia, Qatar, Europe, Asia, and Africa. With its luxurious lifestyle, favorable business environment, and attractive tax perks, the city has positioned itself as a magnet for high-net-worth individuals seeking economic opportunities. As...
UAE-based wealth management firm Capital Haus has made a significant investment by acquiring an 11.6% stake in Equity Story, a financial media and investment advisory firm that is listed on the Australian Securities Exchange (ASX). The acquisition involves 19 230 770 shares purchased at a price of 2.6 Australian cents per share, which will be...
The exclusive peer network Tiger 21 has launched its Dubai chapter, aiming to assist ultra-wealthy individuals in diversifying their investments and managing their wealth more effectively. This expansion provides members with a platform to engage in discussions about inheritance and philanthropy, which are crucial topics for high-net-worth individuals. Tiger 21, known for its focus on...
InCred Group, a diversified financial services firm, has announced its acquisition of Arrow Capital (DIFC) Limited, a prominent boutique financial services provider based in Dubai. This acquisition, revealed on February 17, 2025, is a strategic move aimed at enhancing InCred’s global capabilities in wealth management, investment banking, and asset management. Arrow Capital, established in 2016...
Capital Haus, a prominent global financial concierge service, has announced its acquisition of Grow Your Wealth, a firm specializing in investment advisory, retirement savings, and taxation services. This strategic move enhances Capital Haus’s position in the private wealth sector, adding an additional $150 million in funds under management (FUM) and reinforcing its commitment to delivering...