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Monday 29 Jun 2015 - 18:33 Makkah mean time-12-9-1436
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Dubai, (IINA) - Dubai International Financial Centre, the mature global financial hub connecting the Middle East, Africa and South Asia (MEASA) markets with the economies of Europe, Asia and the Americas, is participating at the four-day Fund Forum International 2015, in Monaco, according to WAM news agency.
The annual fund management conference, taking place from Monday to Thursday 2nd of July at ‘The Grimaldi Forum’, serves as a thought-leadership platform on subjects such as boutique funds, future of crowdfunding, and the adoption of technology to optimize client servicing.
The gathering of fund managers, which also co-locates an exhibition centre to promote networking, has drawn the attendance of more than 1,200 senior level attendees, including some 600 plus key asset managers, and over 70 leading CEOs, CIOs and boardroom leaders.
A long-standing exhibitor at the forum, the platform serves as a facilitator for DIFC to leverage discussions with leading fund managers on the increasing potential of the asset management sector in Dubai and the wider region. In addition, as part of their efforts to showcase the centre’s enabling investment ecosystem, key DIFC representatives attending the forum seek to highlight the financial hub’s strategic access to emerging markets, as well as efficient financial systems and conducive legal and regulatory framework.
According to the 2014 World Wealth Report, the number of (High Net-worth Individuals) HNWIs across the Middle East surged by 16.0 percent in 2013 to 0.6 million, while total wealth reserves also registered an increase by 16.7 percent to US$2.1 trillion. Moreover, a PwC 2014 study unveiled that assets under management in the Middle East and Africa region are expected to rise to an estimated US$1.5 trillion by 2020, from a total of US$ 0.6 trillion in 2012, representing a compound annual growth rate of approximately 12 percent.
SM/IINA
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