Private Banks need to adapt to changing needs of the region | GulfNews.com

Private Banks need to adapt to changing needs of the region | GulfNews.com:



"Private banking land scape in the Middle East is fast changing with the rapid growth in private wealth, increased completion competition among local and international private wealth managers, and the changing needs of the new generation wealthy, said Fouad Hamiyeh, regional head of Credit Agricole Private Banking.



“Private banking requirements of the region are changing rapidly and the industry needs to adapt quickly if they want to stay in the game,” said Hamiyeh.



Post-9/11 and post-global financial crisis there have been huge regulatory demands on the private banking industry to be more transparent. The changes according to Hamiyeh have been positive for both the industry and clients across the world."



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