Asian start-ups with established ties to the UAE can also be investment targets, a senior executive told AsianInvestor.
Tag : dubai
As Singapore fights money laundering and other malfeasance, Dubai is rapidly attracting new types of family offices, experts said.
Hong Kong and Singapore family offices are mulling Dubai bases, drawn by deepening China-Gulf ties, the region’s strong growth potential, and ample capital flows, especially in Saudi Arabia.
Dubai is courting wealthy Hong Kong investors to fund its ambitious 10-year economic plan and pivot to a digital and tech-driven economy. The city aims to become a leading family office hub by 2033.
The HK-headquartered family office has just added a new office in Dubai, and plans to add headcount to support its core investments in China and the US.
US-based TIAA’s investment arm is ramping up its Asia presence after posting a record regional inflow of assets this year, its global CEO and Asia head tell AsianInvestor.
Taurus Wealth Advisors recently hit $1 billion in assets under management and has applied for a licence to operate in the Middle East with a view to winning more clients there.
Tarek Fadlallah says the Japanese fund house's new Dubai office will focus on institutional clients. A retail business is not on the agenda, but investment staff could be.
The UK fund house is said to have engaged a recruitment firm to help it set up its first branch in the Middle East, joining a list of firms making or planning similar moves.
The UK fund house has agreed to buy 80% of Jakarta-based NISP Asset Management. It is also understood to be planning a branch in the Middle East, as rivals make similar moves.
Gulfmena Investments, which is shifting from asset manager to service provider, is helping a US-Malaysian firm to launch a product in Saudi. It says European AMs are eyeing Dubai.
MAC Capital’s Bob McMillen explains how Dubai’s labyrinthine stock market set-up and twin regulators do not help a country still struggling to emerge from crisis.
