Leading GCC wealth manager enhances digitization of regional wealth management catering to evolving customer base

Leading GCC wealth manager enhances digitization of regional wealth management catering to evolving customer base

The Family Office helps clients preserve their wealth through robust financial planning, diversified investments and access to exclusive private market opportunities while leveraging digitization to deliver efficient and personalized experiences. The Family Office, a leading Bahrain-based wealth manager with offices in Dubai and Riyadh, is implementing several innovative digital initiatives to advance efforts in engaging with an increasing base of digital-savvy clients. The revolutionary measures enable greater efficiency and personalization to meet client needs for wealth management and wealth preservation in the Middle East region. Mounting Complexity for Global Investors The after-effects of the global pandemic combined with geopolitical instability and rising interest rates are leading investors worldwide to become more defensive. A report by Capgemini on world wealth indicated that priorities are growing towards wealth preservation1, mitigating inflation and stable returns over speculative growth. While declining globally, the number of high net worth individuals (HNWI) in the Middle East increased by 2.8% in 2021-2022.1 Likewise, a study by Ernst & Young (EY) displayed a record 65% of Middle Eastern clients seeking support in financial planning services,2 thereby presenting a need for effective wealth management in the region. The Evolution of Wealth Management The increasing demand for financial advice calls