Onshoring wealth management in the Gulf
The FSC is the leading event of its kind in the Kingdom of Saudi Arabia. World class business and banking leaders and a row of strategic sector ministers (finance, tourism and investments) were not only present but actively participated in the sessions. The conference seeks to discuss the economic changes that contribute to keeping pace with the Financial Sector Development Programme, a flagship of “Saudi Vision 2030”.
After the official welcome speech by H.E. Mohammed Al-Jadaan, Minister of Finance, Kingdom of Saudi Arabia, Arnaud Leclercq participated in a discussion on the critically important topic of onshoring wealth management in the Gulf.
The panel, moderated by John Defterios, Professor of Business, New York University Abu Dhabi, examined how high returns and increasingly sophisticated markets in the Middle East have sparked a client re-domiciliation trend. This, in turn, has urged wealth managers and private banks, notably from international wealth management centres, to follow their clients to their home countries.
The FSC is organized by the Saudi Ministry of Finance, Saudi Central Bank, and the Saudi Capital Market Authority. The conference serves as a unique platform for dialogue and attracts financial industry decision-makers and senior executives.
For more information on the conference, visit the dedicated webpage.