A diversified asset management industry has emerged in the GCC over the last decade, according to a study conducted by Markab Advisory and sponsored by Qatar Financial Centre Authority.
The study, Asset Management Industry in the GCC: Growth Dynamics and Contours of the Next Phase of Evolution, says that despite its youth, and especially in the aftermath of the financial crisis, the industry has shown signs of maturity and consolidation. It has tremendous potential to graduate to the next level of sophistication.
Private equity (PE), rather than mutual funds, will be the main arbiter of growth of the region’s asset management industry, says the study, which explores the growth and dynamics of the regional asset management industry and highlights the role that the industry can play in improving the global competitiveness of the GCC region.
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