Saudi's Jadwa Investment crosses $8bln in investment advisory | ZAWYA MENA Edition
Jadwa Investment, a leading regional investment management and advisory firm, has set a new milestone for its investment advisory practice by crossing SR30 billion in assets under advisement (AUA) in 2020.
This represents a significant increase over the firm’s AUA of SR13.4 billion at year end 2019. The introduction of investment advisory to Jadwa’s longstanding investment management services has also effectively doubled the firm’s total client assets, which currently stand at SR 60 billion.
Investment advisory is a nascent field with strong growth potential in Saudi Arabia and the GCC. In a market dominated by investment managers, institutional clients and non-profit endowments often do not have proper access to independent advice on investing across asset classes and geographies.
Institutional investment advisors can therefore offer clients additional depth and breadth of expertise, independent advice, and cost-effective access to best-in-class managers made possible by the scale achieved through the aggregate volume of AUA across clients.
No comments:
Post a Comment