What next for private banking in the Middle East?
According to consultancy Knight Frank’s recent Wealth Report, the number of ultra-high net worth individuals (UNHWIs) in the Middle East increased by 6.2% in 2023. Globally, this number is expected to rise by 28.1% by 2028. Private banking services are already in high demand in the Middle East, and these latest statistics underscore the importance of ensuring such services meet the unique needs of this discerning group of clients. Vipul Kapur writes.
