Analyst Report

Middle East WealthTech Landscape Report 2023

ONEBanking

5 minutes

14.09.2023

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HIGHLIGHTS FROM THE MIDDLE EAST WEALTHTECH LANDSCAPE REPORT 2023

  • The number of Ultra-High-Net-Worth Individuals (UHNWIs) in the Middle East is set to increase by 24.6% in the five years to 2025, according to Knight Frank.
  • Lombard Odier says that 87% of HNWI investors in the Middle East believe that their family business is set up to efficiently transfer wealth to the next generation.
  • According to Accenture, 69% in the UAE are dissatisfied with their wealth manager. 71% of investors in the UAE are far more likely to have a relationship with just one wealth manager
  • According to Accenture, seven out of 10 investors prefer investing with wealth managers based in the region over international firms
  • A Hubbis Survey found 78% of wealth management clients are ready and wanting to use digital channels. But they still appreciated support from an adviser if required.

For more data insights of what is shaping the Middle East WealthTech market, download your complimentary copy of The Wealth Mosaic’s Middle East Wealthtech Landscape Report 2023.

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