Ali El-Enazi

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Wealth managers rush to gold to enhance portfolio resilience

Aug 20, 2024 | pwmnet.com | Ali El-Enazi |Philip Best |Nigel Green |Ali Alenazi

Private banks are eyeing up opportunities in gold, with the precious metal becoming increasingly popular in a time of renewed geopolitical tensions. After a successful Paris Olympics and with the Paralympics around the corner, the prize of a gold medal is as lucrative as ever. According to Oxford Economics, one gold medal is worth $1,027. But the Olympic medals are not primarily made of this much sought-after metal.
Purposeful digitalisation essential to future of wealth management

Aug 16, 2024 | pwmnet.com | Ali El-Enazi |Yuri Bender |Ali Al-Enazi |Matthew Lonsdale

Those firms resistant to modernisation will not survive, while companies that embrace the challenge will strip their competitors of clients, opening up new, exciting channels of growth. Over the last 20 years, the wealth management industry has weathered market shocks, financial crises plus countless regulatory and fiscal changes. But now, without an unprecedented evolution, the future looks challenging.
Swiss schools step up efforts to educate next generation of wealthy individuals

Aug 15, 2024 | pwmnet.com | Ali El-Enazi |Yuri Bender |Ali Al-Enazi |Elisa Trovato

Swiss boarding schools for ultra-high net worth families are helping the next generation learn how to manage investment portfolios, as are leading private banks. Swiss banks and boarding schools are paving the way in educating the next generation of ultra-high net worth individuals (UHNWI). These institutions are increasingly helping youngsters learn to manage portfolios, which has become part of the curriculum in many Swiss boarding schools.
M&A key for growth in the UK wealth sector

Aug 13, 2024 | pwmnet.com | Yuri Bender |Ali Alenazi |Ali El-Enazi

In the still very fragmented UK wealth industry, M&A activity is growing to achieve greater scale and develop new skills to meet the evolving needs of clientsPrivate banks are increasingly looking to expand operations, with mergers and acquisitions (M&As) becoming increasingly common. Last week, Swiss bank Union Bancaire Privée acquired SG Kleinwort Hambros — Société Générale’s Swiss private banking division and wealth management operations in the UK and the Channel Islands.