(MENAFN) The UAE and KSA will remain the key local markets for private wealth management in the area with focus on ultra-high net worth clients.
Moreover, the Middle East and N. Africa (MENA) is important to the HSBC, especially Saudi Arabia and the UAE.
Additionally, the sector is increasing more than purely about asset allocation, which can help clients manage their full portfolios in the wealth creation.
The Middle East is home to the highest proportion of millennial entrepreneurs globally, while more than 2,800 active business owners worth between USD250mn and USD20mn.
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