Asia’s richest families and investment firms are increasingly taking ownership stakes in sports businesses rather than simply sponsoring teams or events, reflecting growing confidence in the sector’s long-term investment potential.
The UAE is set to experience a long-term influx of ultra-high-net-worth individuals (UHNWIs) as its status as a hub in the Middle East strengthens. This is happening alongside a global surge in millionaire migration, with the UAE seeing a significant increase in wealthy residents. Experts suggest this trend will continue, reshaping the region’s wealth management […]
VP Bank is closing its Hong Kong office following the resignations of Asia CEO Pamela Hsu Phua and COO Heline Lam. The decision comes after Phua and Lam reportedly left due to disagreements with the bank’s leadership in Liechtenstein regarding its strategic direction. A VP Bank spokesperson confirmed the resignations and the office closure, with […]
Abu Dhabi’s financial center, ADGM, saw a 31% increase in company registrations in the first half of the year, attracting major financial firms like Morgan Stanley. The emirate has become a popular destination for banks, hedge funds, family offices, venture capital firms, and crypto traders, drawn by its wealth and prominent sovereign wealth funds such […]
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