ITS EFFECTIVE WEALTH MANAGEMENT SYSTEM IS PAVING THE WAY FOR BETTER-PAYING JOBS IN THE FINANCIAL SECTOR
With UAE’s effective wealth management structure being one of the best in the world, it would not be shocking if the nation emerges as a global center for private banking shortly.
Currently, Dubai’s good infrastructure & services, and low taxes offers a comfortable and conspicuous home for high-net-worth individuals.
In a statement by the CEO of a UAE-based Emirates Investment Bank, Khaled Sifri, he expressed his desire to see the nation become global financial authorities like Singapore and Switzerland. He emphasizes that Dubai offers the quality of life, excellent services, infrastructure, and high-quality facilities that suit the welfare of everyone including independently wealthy individuals.
He stated that the government is keen about strengthening its basic building blocks to develop its financial sector even further. Sifri says; “There has been a strategy communicated to banks in the UAE with a variety of objectives in the coming years, and one of those is to become a serious hub for wealth management.”
It is believed that a robust private banking sector will play a significant role in supporting the UAE government as it strengthens the retail banking industry.
“Jobs in private banking and wealth management require a certain amount of experience, talent, and knowledge – not your typical bureaucratic or operational type stuff,” says Sifri.