Middle East Wealth Management Forum 2020 - Exclusive Insights - Laurence Black - 3

Laurence Black of Asiaciti Trust

Jan 31, 2020

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1. Are the leading private banks and asset management platforms in these booking centres sufficiently focused on the UAE and delivering appropriate levels of custody, product and transaction related services? What could be improved?

Video transcript

1. Are the leading private banks and asset management platforms in these booking centres sufficiently focused on the UAE and delivering appropriate levels of custody, product and transaction related services? What could be improved?

Certainly the development of the Dubai Financial Centre, Abu Dhabi Global Markets, and other financial centres within the region has attracted, I would say, the right players to the market. They continue to remain committed in developing and hiring again. What could be committed? Again, yeah, the legal system, I think continues to develop for people to increasingly take the jurisdiction seriously, particularly on an institutional level. Then their confidence levels need to be improved potentially in the reliability of the legal system here.

 

 
 
 
 

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