This year’s report, portions of which International Adviser will exclusively reveal in the coming weeks, was answered by 230 senior investment “gatekeepers” from banks and financial advisory firms based across the Gulf Corporation Council.
The financial research specialist said it is currently in the process of producing two supplementary reports. The first summaries the opportunities from tier two and three institutional investors – pension funds, smaller institutions and family offices – as these have been less well researched in the region.
In the second report, Insight Discovery will detail which financial advisory firms are licensed in the GCC.
Last month, the company revealed the full number of regulated financial advisers in the UAE for the first time.
Earlier this week, the Insurance Authority published lists of all insurance companies which hold a license in the UAE, for the first time.
Last year’s report revealed an influx of private banks to the region, with the majority – around 90% – focusing on the UAE, arguably the main hub for wealthy clients in the GCC.
Meanwhile, Insight Discovery chief executive Nigel Sillitoe, revealed he had been asked to join the advisory board for the Chartered Institute for Securities & Investment in the UAE.
Sillitoe said his role will be to help CISI “increase professionalism amongst advisers and financial services practitioners through relevant qualifications and increase the CISI’s profile as the professional body of choice”.
