News

Dubai registers 6% growth in asset managers

Dubai_skylineDubai has claimed to be the largest asset management domicile in the Mena region after its financial hub, the Dubai International Financial Centre (DIFC), reported a 6% growth in registrations. According to the DIFC, the centre now has more than 200 registered wealth and asset managers, including 13 of the top 25 global firms. It is also home to more than 60 “significant” funds, more than double the number (25) it had in 2017. The latest manager to move into the DIFC was Fidelity International which registered as FIL Distributors International and was awarded a licence by the centre's regulatory authority earlier this month. The authority has also registered China’s Everbright Group and US-based State Street Global Advisors this year. The DIFC is currently halfway through a ten-year plan to treble the number of registered firms and assets under management by 2024. In March, the DIFC enacted two new laws, the Trust Law and Foundations Law, which are designed to create a regime more in line with international best practice for investment trusts and private wealth management funds respectively. ©2018 funds global mena

Executive Interviews

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

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Roundtables

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.