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Reading the regulatory writing on the UAE wall

17 Jan 17

Regulatory changes in the United Arab Emirates pose a challenge to existing business models for IFAs in the region but Sean Kelleher at Mondial is one step ahead, and after years of hard work in preparing his business for the new requirements, he is ready to reap the rewards.

Spotlight on the mondial academy

Run from the company’s offices in Dubai, the Mondial Academy is a facility that trains consultants in the art of financial planning and wealth management.

It is one of a handful of training providers in the UAE accredited by the Chartered Institute of Securities and Investment (CISI), and aims to take global best practices within the financial planning and wealth management industry and blend them with the trends and regulatory structure of the UAE consultancy and relationship management business.

The dean of the academy is Gordian Gaeta, who was appointed in 2010. Gaeta is former dean and director of the American Academy of Financial Management in Asia. All the advisers at Mondial have been through the academy and are trained to at least the level three standard.

“We don’t allow anyone to be an adviser unless they have a minimum level three, but now they’re all being pushed to a minimum level four,” says Kelleher.

Pages: Page 1, Page 2, Page 3

Tags: Dubai | Mondial | Sean Kelleher | UAE

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.