Practical analysis for investment professionals
22 April 2014

An Important Report on Middle Eastern High-Net-Worth Individuals

At the Middle East Investment Conference, Khaled Sifri, CEO, Emirates Investment Bank, provided unique transparency into Gulf Cooperation Council (GCC) high-net-worth individuals. His understanding came from his organization’s recent survey and recently published report on the topic. Emirates Investment Bank conducted its survey throughout the GCC in December 2013 and again in January 2014 to assess the views of high-net-worth individuals and their sentiments about investing and about banking relationships.

Key findings of the report include:

  • High-net-worth individuals (HNWIs) have more optimism about the economic and investment prospects of the Gulf region than they do for the globe over the next five years.
  • Overwhelmingly, HNWIs are more focused on capital appreciation than on capital preservation.
  • Any future wealth accumulation by HNWIs is primarily to be invested in their personally owned businesses and secondarily in investment real estate.
  • A slight majority of HNWIs prefer a local bank to have not only personal banking services but also investment banking advisory services to help manage their wealth.

Continue reading on the Middle East Investment Conference blog

Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.

About the Author(s)
Jason Voss, CFA

Jason Voss, CFA, tirelessly focuses on improving the ability of investors to better serve end clients. He is the author of the Foreword Reviews Business Book of the Year Finalist, The Intuitive Investor and the CEO of Active Investment Management (AIM) Consulting. Voss also sub-contracts for the well known firm, Focus Consulting Group. Previously, he was a portfolio manager at Davis Selected Advisers, L.P., where he co-managed the Davis Appreciation and Income Fund to noteworthy returns. Voss holds a BA in economics and an MBA in finance and accounting from the University of Colorado.

Ethics Statement

My statement of ethics is very simple, really: I treat others as I would like to be treated. In my opinion, all systems of ethics distill to this simple statement. If you believe I have deviated from this standard, I would love to hear from you: [email protected]

Leave a Reply

Your email address will not be published.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.