DWS buys stake in Mena fintech

FintechDWS Group, formerly Deutsche Asset Management, has taken a 15% stake in Neo Technologies, a Dubai-based digital investment platform. The value of the deal was not disclosed but under the terms of the agreement DWS and Neo will collaborate on the development and expansion of digital asset management services in the Mena market. Neo’s platform-as-a-service model is offered on a white label basis to local asset managers and is designed specifically to cater for local language and regulatory requirements. The startup has previously partnered with Kuwait’s NBK Capital to launch what it claims is Kuwait’s first digital investment service, NBK Capital SmartWealth. According to DWS, the investment in the Neo platform underlines its commitment to both digitisation and the Mena region. “Neo Technologies enables DWS to obtain further presence in a region with high growth rates in asset management,” said Thorsten Michalik, co-head of DWS’ global coverage group. ©2018 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

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...


ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

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.