Strategy& leader Jorge Camarate on the financial services sector

Strategy& leader Jorge Camarate on the financial services sector

Jorge Camarate is a partner with Strategy& and the leader of the firm’s Financial Services practice in the Middle East. We sat down with the UAE-based leader to discuss some of the trends sweeping through the sector, the growing impact of emerging technologies, and why the sector remains top of mind for new talent.

There are three major trends: bank resilience, compliance, and innovation.

For all the predictions about how banks were on their way out, they have persisted. Banks are resilient. They possess strong customer relationships, regulation makes them stable, governments support them, and they play a role in the real economy.