Figure 1. HNWI distribution, 2007-2010 (by region)   Without a doubt, wealth management and private banking are big businesses. In an international ranking of wealth managers published in the International Private Banking Study of 2011 by the University of Zurich, total market volume of wealth managers by Asset Under Management

So much for the famous Swiss bank account – Europe’s major moneymen are ditching their traditional alpine safe haven to put their money in Dubai. That’s according to Swiss banking ‘trend spotter’ Jean-Luc Freymond, who says a combination of tougher Swiss banking laws and the simplicity of operating in the

Pioneering financial software company, SAGE Group SA, launched version 2.0 of the company’s flagship product, Prospero, during this year’s MEFTEC exhibition in Dubai, unveiling an enhanced system that allows banks to manage their clients’ accounts across several platforms all from one system. Following the success of Prospero, V2.0 is proving

Magic Software Enterprises Ltd. (NASDAQ: MGIC), a global provider of mobile and cloud-enabled application and business integration platforms, announced today the availability of native iOS and Android clients for its mobile enterprise application platform, in addition to its existing clients for BlackBerry and Windows Mobile. Magic’s productive mobile enterprise application

With the growing pressure on European banks, especially Swiss banks, to adopt more transparent policies and to ask their clients to declare their assets; the region, particularly Dubai, is becoming more attractive to clients looking to provide an alternative to a weakening banking secrecy policy at home. “UAE banks are

New York, 18 April 2012 – Thomson Reuters today announced three strategic alliances that span the full investment process and enhance the pricing and reference data available to fund managers, fund administrators and asset managers. Clients of FundCount, Quantifi and SAGE Group SA will now have access to expanded data

SAGE Group SA will launch v2.0 of its Prospero suite of solutions during MEFTEC which will be held at the Dubai International Convention & Exhibition Centre on the 25th and 26th of April. SAGE Group SA, founded in Switzerland in 1986, was among the pioneers in financial software, spotting sustained

Since 2011, SAGE Group SA has been successful with its new financial software for Family Offices and Independent Asset Managers which is available through a SaaS model for licenses. Prospero, SAGE’ technological suite of solutions for the Financial Services Industry, is now offered via SaaS on pay-per-use basis by the

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18 Swiss Banks Find a Haven in Dubai

Private exchanges and wealth management activities witnessed a substantial growth this past year, as exemplified by the recent expansion of a number of Swiss banking operations in the UAE. This has been due to the country being viewed as a viable alternative to Europe, with a total of 18 Swiss

More than 50 delegates from various private banks as well as a handful of finance journalists in Switzerland trooped over last week for the conference organized by SAGE Group SA and WealthBriefing on the threats on Swiss banks by its Asian counterparts. The Breakfast Briefing conference was held last 8th

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