Regional financial institutions and international players are dedicating more resources to capitalize on private banking in the Middle East. Knight Frank research shows that global UHNWIs rose by 4.2% in 2023,
The article from Global Finance Magazine discusses the "World's Best Private Banks 2025" for the Middle East region. It highlights the leading private banks that excel in providing personalized wealth management services, investment advice, and financial planning to high-net-worth individuals (HNWIs). The rankings are based on criteria such as client satisfaction, growth in assets under management, innovation in services, and the ability to cater to the unique needs of wealthy clients in a region known for its economic diversity and wealth concentration. Key banks mentioned include those from the UAE, Saudi Arabia, and Qatar, with a focus on how these institutions are adapting to digital transformation, regulatory changes, and the evolving demands of their affluent clientele. The article also touches on the competitive landscape, where banks are not only competing on service quality but also on their ability to offer bespoke solutions, sustainability-focused investments, and robust digital platforms.
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