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Asia wealth managers flock to Dubai as clients look to diversify

A growing number of wealth managers in Asia are setting up offices in Dubai, capitalising on warming diplomatic ties between China and the Middle East and betting on a surge in demand from clients for geographical diversification. Dubai, a major financial hub in the Gulf region, is emerging as a preferred wealth hub for many entrepreneurs and rich families in Asia, mainly China, as they look to take advantage of favourable policies and expand their businesses, wealth managers said.

Asia wealth managers flock to set up offices in Dubai as clients look to diversify

The Middle East has grown increasingly important to Beijing as its ties with Washington have soured amid disagreements on a range of issues.

Asia wealth managers flocking to Dubai

Asia wealth managers setting up office in Dubai as clients look to diversify

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