Middle East investors turn to Switzerland | Economy | Saudi Gazette:
"Crucial factors such as banking secrecy, diverse investment products and services have contributed to Switzerland remaining a premier offshore haven for the Middle Eastern investors, according to a leading Swiss-based asset manager specializing in the Middle Eastern region.
William Spencer, at WT Capital Management S.A, said: “We have seen an increase in demand for wealth management solutions from Middle East region, we have had a surge in requests for custodian services and tailored structured products in 2013 and expect year on year growth in 2014. We believe competitive pricing, enhanced return and a wider range of investments products give Swiss banking a significant edge over regional Middle Eastern banks.”
“We believe independent asset managers will continue to thrive in the Middle Eastern markets, as they are not biased or bound to any single financial institution, this enables them to coherently diversify asset allocation, reduce transactional and custody costs to increase returns for investors,” he added."
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