Euromoney is working together with the Bahrain Economic Development Board (EDB) to create a special event in Bahrain at a time of significant global uncertainty and change.
“The private banking and wealth management industry is a vital part of the GCC economy” said Richard Banks, Director of Private Banking at Euromoney Conferences. “The industry and the market it serves are changing fast. We’re delighted to be able to work with the EDB to create a day long strategy forum to take the temperature of the industry here in Bahrain and the wider region.”
“We are delighted to be hosting this event in Bahrain. There is an increasing demand across the Gulf economies for sophisticated products and advice to help people manage their wealth. We, in Bahrain, are proud to play an important part in this industry. Financial services accounts for over 14,000 jobs in Bahrain and we see private banking as an important part of developing this industry in the future,” Shaikh Mohammed bin Essa Al-Khalifa, Chief Executive of the EDB said.
The event will include contributions from the CBB global regulators, international banks, local and regional wealth managers. It will focus on how the industry is changing and how it can and must adapt to meet the challenges it faces.
“The world of private banking is changing at a rapid pace with the current market conditions and evolving regulatory framework and investor preferences. Private banks need to respond to these changes and review their approach to business. I look forward to the exchange of views with other business leaders on the topic,” Rohit Walia, Executive Vice Chairman & CEO, Bank Sarasin-Alpen Group –Middle East and South Asia, said.
With participants from more than 15 countries, the event has a truly global flavour but the local economy is also strongly represented with all major Bahraini institutions present.