Tuesday 4 October 2011

Qataris unmoved by wealth managers - The National

Their Brooks Brothers suits immaculately pressed, their boots polished and gleaming, the investment managers gathered at the Grand Hyatt in Doha lacked just one crucial element - the million-dollar smile.

Representatives of the wealth management industry have flooded the Gulf in recent years in an effort to find new clients. But so far, Qatari investors are taking little notice.

Qatar, where the economy is growing at 41.8 per cent and which has been named the world's richest nation per capita by the IMF, is hardly short of cash.

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