There is no better time to sell "responsible" financial products such as Islamic products than today as lessons of a financial crisis buoyed by an irresponsible systemic phenomena are still fresh on the minds of investors.
And the recent deterioration of wealth is no obstacle in doing so as regions, such as the Middle East and Asia, continue to rake growth.
"Some wealth has been destroyed but new wealth is being created as we go along. Wealth and asset management requirement in the GCC is growing as wealth is being created in GCC and Asia. So the bank continues to grow to cater demand from our clients," Fidelis M Goetz, Head of Private Banking Division, Bank Sarasin & Company, told Emirates Business.
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