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Euromoney Middle East s best bank for wealth management 2021: UBS

Euromoney Middle East s best bank for wealth management 2021: UBS
euromoney.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euromoney.com Daily Mail and Mail on Sunday newspapers.

58% of UAE investors plan to increase their exposure to equities in the next 6 months

SHARE About 58 per cent of investors in the UAE are planning to boost their exposure to stocks in the next six months, according to a new survey by global wealth manager UBS. This compares with 41 per cent of investors globally who are considering increasing their exposure to equities, while 12 per cent intend to cut their stock holdings and 47 per cent plan to keep their portfolios the same. The global Investor Sentiment survey polled 4,000 investors and business owners across 14 global markets, including the US, Europe, Asia and the UAE from March 30 to April 18, 2021. In the UAE, a majority of investors told us they are seeing opportunities in industries that are being transformed by technology

UBS recruits for Qatar wealth management business

UBS recruits for Qatar wealth management business Feb 12, 2021 By Nik Pratt Swiss bank UBS is closer to launching its wealth management business in Qatar after hiring a top HSBC private banker to lead the operation. Tarek Eido most recently served as the head of HSBC’s wealth management business but will now take on that role for UBS, as of March 1, reporting to Ali Janoudi, head of Middle East and Africa for UBS. According to Bloomberg, the Swiss firm is looking to recruit another 20 staff for the Qatar business, which will act as its second hub in the region. UBS also has offices in Saudi Arabia, Bahrain and the UAE where its main operation lies.

UAE investors upbeat on economy

Over 85% of UAE investors upbeat about economy issacjohn@khaleejtimes.com Filed on February 8, 2021 The confidence level among investors globally is also on the rise, with a majority of them optimistic about their regional economic outlook and the equity markets Investors in the UAE are increasingly becoming confident about economic perspectives in the region with 85 per cent expressing optimism for the current year, according to a new Investor Sentiment survey unveiled by a leading Swiss bank. While opinions are split on when life will return to normal in the Middle East, a slight majority of 51 per cent think normal activity will resume before July 2021, while 49 per cent of those surveyed believe it will not happen until the second half of the year, according to UBS’s survey. The survey polled more than 4,000 investors and business owners across 14 markets globally in late December and January.

UBS Boosts Middle East Expansion Drive With New Qatari Hub

UBS Boosts Middle East Expansion Drive With New Qatari Hub Bloomberg 2/5/2021 © Bloomberg Spy Scandal Leaves UBS Group AG With A Headache (Bloomberg) UBS Group AG is setting up a second Middle Eastern hub in Qatar that will eventually add investment banking and asset-management services to its wealth-management business as part of an expansion in the region. The new Doha wealth office will open within weeks and UBS intends to hire about 20 people by the end of the year, a person briefed on the plans said, requesting anonymity because the details aren’t public. Appointments will include back office and support staff, as well as relationship managers to build business with Qatari clients, the person said.

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