Hubbis, Taking Advantage of Opportunity in the Rapidly Growing Middle East Wealth Management Market

Taking Advantage of Opportunity in the Rapidly Growing Middle East Wealth Management Market

(Hubbis) The state of the private wealth management industry in the GCC was debated in depth at the August 31 Hubbis Digital Dialogue event, with an erudite panel of experts who reviewed the evolution of the market to date, offering their views on what both the authorities in the region and by the private sector must do to more fully help the industry attain more of its full potential.

Prashant Tandon, Chief Executive Officer & Managing Director for Lighthouse Canton Capital DIFC was one of the panelists at this event. Here are some of the points raised by Prashant. Prashant will also be speaking at the Global Fintech Festival on 28 - 30 September on "Achieving Sustainability in Banking and Wealth Management with Technology".

Expert Opinion- Prashant Tandon, Chief Executive Officer & Managing Director, Lighthouse Canton Capital DIFC: "A noticeable shift that we see in the wealth management space is the democratisation of the landscape. With the advent of new age independent advisors, wealth management and investment advisory are no longer the bastion of bulge bracket banks alone. Adding tangible value and providing holistic offerings, while balancing the unique and distinct needs of the client will become more imperative as clients become less keen on paying for mere execution and focus more on clarity and control over their investments. Leveraging digitization and tech enablement, coupled with their alignment of their client interests, enables new age independent advisors to look beyond the limitations of certain platforms or institutions and provide true blue-sky access to solutions."

Expert Opinion- Prashant Tandon, Chief Executive Officer & Managing Director, Lighthouse Canton Capital DIFC: "The next-gen and new-age entrepreneurs in particular, are increasingly looking beyond isolated investment advice in the public space and are, equally if not more, keen to understand the ESG impact of their investments or how they can give back to their own ecosystems. As such they seek advisors who can align to their interests with private and co-investment opportunities that integrate well with their own philosophies, business plans and growth ambitions."

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[:de]" rel="noopener noreferrer" target="_blank">"Achieving Sustainability in Banking and Wealth Management with Technology". Expert Opinion- Prashant Tandon, Chief Executive Officer, Lighthouse Canton DIFC: "A noticeable shift that we see in the wealth management space is the democratisation of the landscape. With the advent of new age independent advisors, wealth management and investment advisory are no longer the bastion of bulge bracket banks alone. Adding tangible value and providing holistic offerings, while balancing the unique and distinct needs of the client will become more imperative as clients become less keen on paying for mere execution and focus more on clarity and control over their investments. Leveraging digitization and tech enablement, coupled with their alignment of their client interests, enables new age independent advisors to look beyond the limitations of certain platforms or institutions and provide true blue-sky access to solutions."" rel="noopener noreferrer" target="_blank">"Achieving Sustainability in Banking and Wealth Management with Technology". Expert Opinion- Prashant Tandon, Chief Executive Officer, Lighthouse Canton DIFC: "A noticeable shift that we see in the wealth management space is the democratisation of the landscape. With the advent of new age independent advisors, wealth management and investment advisory are no longer the bastion of bulge bracket banks alone. Adding tangible value and providing holistic offerings, while balancing the unique and distinct needs of the client will become more imperative as clients become less keen on paying for mere execution and focus more on clarity and control over their investments. Leveraging digitization and tech enablement, coupled with their alignment of their client interests, enables new age independent advisors to look beyond the limitations of certain platforms or institutions and provide true blue-sky access to solutions."