Bloomberg/Stefan Wermuth

Business

Julius Baer sees more business opportunities in Dubai

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The bank said that it is committed to Dubai which provides unparalleled opportunities because of its perfect location half-way between its important hubs, Switzerland and Singapore.

Tuesday 12, March 2019 BY KUDAKWASHE MUZORIWA

Julius Baer’s Head of Emerging Markets and a member of the Executive Board said that wealth management remains a growth industry globally with investable assets of high and ultra-high net worth individuals expected to grow at a pace of 4.7 per cent annually by 2021.

In a statement, the lender stated that it is best positioned to benefit from this growth and capture wealth creation dynamics in the Middle East among other emerging markets.

Rémy A Bersier, Julius Baer’s Head of Emerging Markets, said that the bank has seen positive signs in the past few years in the Middle East with an increasing focus on economic diversification away from oil than ever before in addition to investments in a variety of growth sectors.

Julius Baer’s client-centric model and innovation plays a fundamental role and give the lender an excellent position to serve clients in the UAE with the best possible advice.

The UAE is considered one of the bank’s core markets and hubs its emerging markets business.

 

TAGS : Julius Baer, Rémy A Bersier, emerging markets

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