Wealth Management Archives - International Finance

Broadridge acquires Kyndryl’s wealth management platform, shifts focus to AI trading solutions

IFM CorrespondentNovember 12, 2024

by IFM CorrespondentNovember 12, 2024

With the acquisition of Kyndryl's wealth management platform, Broadridge, which is part of the S&P 500 Index, continues to solidify its position in the industry...

IF Insights: Qatar’s household wealth shows tremendous growth

IFM CorrespondentJuly 18, 2024

by IFM CorrespondentJuly 18, 2024

Qatar's growth story is one of a nation returning to its historical pattern rather than a dramatic break from the rest of the area...

Qatar sees fastest growth in non-energy sectors and household wealth

IFM CorrespondentJuly 16, 2024July 16, 2024

by IFM CorrespondentJuly 16, 2024July 16, 2024

In June 2024, financial services companies in Qatar reported an even stronger increase in both new contracts and overall business activity...

Further boost for Saudi Vision 2030? PIF swings to USD 36.8 billion profit in 2023

IFM CorrespondentJuly 11, 2024

by IFM CorrespondentJuly 11, 2024

Saudi Arabia has invested hundreds of billions of dollars through the PIF in projects under the Vision 2030 plan...

Good days ahead for Saudi Arabia? Around 300 millionaires to relocate to Kingdom

IFM CorrespondentJuly 1, 2024

by IFM CorrespondentJuly 1, 2024

By the 2024 end, the United States and Singapore will have welcomed 3,800 and 3,500 millionaires, respectively, making the UAE the top destination...

Gulf-based sovereign wealth funds spent USD 2.3 billion in China in 2023

IFM CorrespondentJune 28, 2024

by IFM CorrespondentJune 28, 2024

Gulf sovereign wealth funds have been making tangible steps to realise the two-way investment corridor with Hong Kong as a gateway to China...

Saudi wealth fund PIF set to issue sterling-denominated bonds

IFM CorrespondentJune 21, 2024June 22, 2024

by IFM CorrespondentJune 21, 2024June 22, 2024

Official data from Saudi Arabia shows that the private sector non-oil growth was stable in May, with the Purchasing Managers’ Index slightly decreasing to 56.4 from 57 in April...

Start-up of the Week: Meet Illio, the comprehensive investment intelligence platform

IFM CorrespondentJune 12, 2024

by IFM CorrespondentJune 12, 2024

Illio was born to give investors premier analytics to help them manage wealth to the best of their ability...

Saudi wealth fund increases holdings in Chinese stocks, gains from Alibaba windfall

IFM CorrespondentMay 22, 2024

by IFM CorrespondentMay 22, 2024

According to reports, PIF has boosted its position in Alibaba for the second time in less than a year...

Dubai’s financial magnetism: Wealth managers flock as millionaires multiply

IFM CorrespondentMay 16, 2024

by IFM CorrespondentMay 16, 2024

Middle Eastern state-owned investors oversee USD 4.7 trillion in capital, with Dubai alone having three times as many millionaires as any other city in the region, according to the DIFC...