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Middle East Wealth Management Forum 2020 - Exclusive Insights - Ismael Hajjar - 2

Ismael Hajjar of EY

Jan 31, 2020

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1. Are GCC based families open to outsourced services or do they prefer to keep it all inhouse?

Video transcript

1. Are GCC based families open to outsourced services or do they prefer to keep it all inhouse?

Look traditionally - no, right? They prefer to do everything in-house because it's more confidential. Now, the world is such today that if you do it in-house and you do it with the wrong people, you end up being way less confidential, let's say, or you protect your privacy much less than relying on let's say, highly competent and professional, let's say, third parties. So, my view on that is that no family can actually do everything in-house. And therefore, we work with families on establishing a bespoke menu of services for their family office. And in a second step, deciding, okay, what needs to be done internally and what needs to be done outsourced, right? And all the families that I work with are outsourcing.

 

 
 
 
 

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