Hubbis reposted this
Shaping the Future of Wealth Management in Saudi Arabia: Opportunities, Challenges, and Vision 2030 Saudi Arabia’s wealth management landscape is undergoing an unprecedented transformation, shaped by the ambitious Vision 2030 initiative. This program, spearheaded by the Saudi government, aims to diversify the economy away from its heavy dependence on oil, promote financial literacy, and foster a culture of investment among its citizens. For wealth managers, these changes bring both new opportunities and complex challenges, from adopting technology in a traditionally analog environment to navigating the nuances of cultural trust and engagement. To explore these developments, Hubbis hosted a thought-leadership luncheon in Riyadh, exclusively supported by Avaloq, a leading provider of front-to-back software and services for financial institutions. The discussion, led by Akash Anand, Regional Director and Head of the Middle East and Africa at Avaloq, shed light on the strategies needed to thrive in Saudi Arabia’s evolving wealth management industry. Read on here: https://lnkd.in/g6XTVtWR #WealthManagement #WealthSolutions #Digital #Technology #SaudiArabia
Thanks Michael Stanhope, Hubbis for hosting the thought leadership luncheon discussing Saudi Arabia’s wealth management landscape.
Chief Executive Officer at moiq capital
1wIt is both admirable and impressive that Hubbis took the initiative to journey to the Kingdom of #Saudi Arabia to explore into the evolution of the #wealthmanagement industry there. moiq capital had the opportunity to visit the Kingdom a year ago, engaging with regulators (Capital Market Authority ), business leaders, banks, and government officials (Public Investment Fund (PIF) . Our belief remains steadfast that #SaudiArabia holds immense potential for the wealth management sector. We are confident it is on the very first steps of a path to become a significant global wealth management hub, offering opportunities for #innovation and #growth on an unprecedented scale.