Middle East
Qatar licences first family office advisory firm
FACT Middle East, a specialist family office business, has been granted a licence by the Qatar Financial Centre Authority (QFCA) and is now fully operational in the Persian Gulf state.
DFSA fines Deutsche Bank $8.4m for ‘serious contraventions’
The DIFC branch of Deutsche Bank (DBDIFC) has been fined $8.4m by the Dubai Financial Services Authority (DFSA) for “serious contraventions” in its private wealth management procedures.
Investment | 13 Apr 15
Infini cut min investment to draw in ME retail market
Dubai-based Infini Asset Management has lowered the minimum investment into its flagship product to $10,000, as it looks to “better engage the retail sector”.
VAM Funds enters South Africa with 11 funds
Luxembourg-domiciled fund manager VAM Funds has entered the South African market, launching 11 funds in the region.
Investment | 1 Apr 15
New UAE advice licence could include full financial planning
Advisers in the UAE that are licensed by the Securities and Commodities Authority (SCA) may be given an extension to enable them to offer clients fully holistic financial planning.