Financial Insights
Rise of Dubai Booking Center – Revolutionizing Global Wealth Management
Emirates Financial Towers – A twin-tower commercial development located in the Dubai International Financial Center and home of Picard Angst MEA.
In the evolving landscape of global finance, Dubai has emerged as a premier booking center. Positioned strategically between Europe and Asia, the emirate offers unparalleled opportunities for wealth managers, family offices, and ultra-high-net-worth clients. This article explores Dubai's rise, driven by factors like diversification of jurisdiction, robust infrastructure, and international financial best practices.
Oliver Ansingh, CEO and Head of Wealth Management of Picard Angst MEA explains in this video Dubai’s rise as a booking center.
Why Diversification is Key in Today’s World
Diversification in finance isn't limited to investments—it applies to jurisdictions as well. In a volatile geopolitical environment, many clients have turned to Dubai to secure their portfolios and financial operations.
"None of us like risk. The way to mitigate risk is by diversifying – across investments, banks, and jurisdictions."
– Oliver Ansingh, CEO and Head of Wealth Management
Dubai provides a stable, non-aligned geopolitical climate, enabling wealth management professionals to mitigate risk through diversified international exposure.
Strategic Position and Market Growth
Dubai’s growth as a financial hub since the establishment of DIFC in 2004 is remarkable. The city’s position—six-hour flights from both Europe and Asia—has made it a preferred center for global investment activities. With open residency and visa policies, Dubai attracts professionals and entrepreneurs from around the world.
Key Drivers
- Strategic location between major economic zones
- Business-friendly residency and visa programs
- Robust financial infrastructure supporting cross-border transactions
The Landscape of Banking Services in Dubai
Oliver Ansingh categorizes financial service providers in Dubai into three groups:
- Local Commercial Banks:
These banks have made efforts to establish private banking services but often struggle to meet the complex needs of international ultra-high-net-worth (UHNW) clients. - International Banks:
Global institutions based in Dubai’s financial hubs (such as DIFC and ADGM) often limit their offerings due to operational costs, choosing not to establish full booking centers in the region. - Holistic Wealth Management Solutions:
Firms like Picard Angst MEA excel by combining Swiss standards with Dubai’s infrastructure. Clients benefit from investment services like execution-only, advisory, and discretionary asset management, along with independent asset manager agreements and online access.
Diversify Now for a Secure Future
Clients could consider diversifying across jurisdictions sooner rather than later to mitigate risks effectively. Dubai's booking center offers an attractive solution for wealth managers seeking stability, innovation, and global connectivity.
Your contact
Oliver Ansingh
CEO Picard Angst MEA
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Gavin Helms
Senior Director
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Philippe Crochu
Senior Director
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