The global financial crisis has affected all industries in every area of the world. The Middle East’s asset management industry is no exception. The overall sentiment of the region, however, remains optimistic. Regional growth is positive with the GCC’s GDP expected to grow. The Middle East is seeing a shift from retail investors to institutional investments bringing more maturity and stability. Markets are opening up and new instruments, such as ETFs, are being introduced which should help to attract more investment capital.
Investors are still cautious, but asset managers are taking proactive measures to boost confidence. They are looking at improving regulation, corporate governance and risk management. They are also being vigilant about managing costs and increasing liquidity. Lastly they are looking for ways to increase transparency.
SunGard’s Asset Arena helps asset managers in the Middle East with these challenges. Find out more about these issues: