Arab Today, arab today dubai financial centre highlights status as major asset management hub
Last Updated : GMT 12:17:10
Arab Today, arab today
Arab Today, arab today

Dubai Financial Centre highlights status as major asset management hub

Arab Today, arab today

Arab Today, arab today Dubai Financial Centre highlights status as major asset management hub

Dubai International Financial Centre (DIFC)
Dubai - WAM

Dubai International Financial Centre, the mature global financial hub connecting the Middle East, Africa and South Asia (MEASA) markets with the economies of Europe, Asia and the Americas, is participating at the four-day Fund Forum International 2015, in Monaco.

The annual fund management conference, taking place from June 29th to July 2nd at ‘The Grimaldi Forum', serves as a thought-leadership platform on subjects such as boutique funds, future of crowdfunding, and the adoption of technology to optimise client servicing. The gathering of fund managers, which also co-locates an exhibition centre to promote networking, has drawn the attendance of more than 1,200 senior level attendees, including some 600 plus key asset managers, and over 70 leading CEOs, CIOs and boardroom leaders.

A long-standing exhibitor at the forum, the platform serves as a facilitator for DIFC to leverage discussions with leading fund managers on the increasing potential of the asset management sector in Dubai and the wider region. In addition, as part of their efforts to showcase the centre's enabling investment ecosystem, key DIFC representatives attending the forum seek to highlight the financial hub's strategic access to emerging markets, as well as efficient financial systems and conducive legal and regulatory framework.

Commenting on DIFC's participation at the event, Arif Amiri, Deputy CEO, Dubai International Financial Centre Authority, DIFC, said, "The FundForum International provides a unique platform on a global scale for meeting decision-makers and presenting them with DIFC's decade-long economic growth story and key competitive advantages. Dubai's increased emphasis on diversifying the economy to curtail dependence on oil has led to significant redistribution of wealth.

"Fund managers have been the beneficiaries in this transition of investment re-allocation. Since their introduction only a decade ago in the DIFC, the asset management industry has been incredibly successful. Growing beyond US$10.4 billion in 2014, assets under management of fund managers and financial institutions in DIFC are now estimated to stand tall at US$250 billion by 2024."

Arif Amiri added, "The Middle East and North Africa region domiciles nine of the world's largest sovereign wealth funds with assets of approximately US$2 trillion. At the same time, the number of High Net-worth Individuals, HNWIs, across the region, both institutional and private wealth, has advanced significantly. Rising income level combined with lower inflation rates have led to an increase in the aggregate savings of the population across the region. We therefore see tremendous scope for the development of long-term savings and wealth solutions catering to the increasingly affluent and aspirational young population."

According to the 2014 World Wealth Report, the number of HNWIs across the Middle East surged by 16.0% in 2013 to 0.6 million, while total wealth reserves also registered an increase by 16.7 percent to US$2.1 trillion. Moreover, a PwC 2014 study unveiled that assets under management in the Middle East and Africa region are expected to rise to an estimated US$1.5 trillion by 2020, from a total of US$ 0.6 trillion in 2012, representing a compound annual growth rate of approximately 12 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai financial centre highlights status as major asset management hub Arab Today, arab today dubai financial centre highlights status as major asset management hub

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai financial centre highlights status as major asset management hub Arab Today, arab today dubai financial centre highlights status as major asset management hub

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday