News

Mena advisors expect competition from overseas firms

Mena story imageMena-based wealth advisors are braced for a concerted push from international asset managers looking to expand in the region, according to a recently published study. The research from behavioural finance firm Oxford Risk canvassed independent advisors and wealth managers in the region responsible for US$290 billion in assets. It found that 85% expect international firms to grow their presence in the Mena market over the next three years. The research also found that domestic advisors think their international rivals have an advantage in terms of their product range and approach to investor suitability assessments. Around 70% point to the products that international firms can offer while 54% highlight suitability assessments. More than half (51%) believe international firms have better digital capabilities while 48% say adviser skill sets at international firms give them a competitive advantage. Oxford Risk is advising local wealth managers to advance their use of technology to keep up with international competition. “The asset management industry in Mena is expanding strongly and inevitably that is attracting the interest of international financial institutions,” said Greg Davies, head of behavioural finance at Oxford Risk. “At the same time clients in Mena want to increase their exposure to international assets with the growing use of technology by advisers in the region and the need for diversification driving demand,” added Davies. ©2022 funds global mena

Executive Interviews

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

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

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...

INTERVIEW: Protecting the investment

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

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.