Official in «HSBC»: the Middle East a global market for banking servicesSobhi Tabbara said in an interview with the Middle East {that} the next ten years will see a fragmentation of the assets of family businesses in the region
Saturday 27 Shawwal 1435H - August 24, 2014 AD, time: 21:00 Sobhi Tabbara
Change the font Copy the Arab line Tahoma Kufi Arab Amiri Constant Scheherazade Nice Dubai: Assistant Zayani
Said Sobhi Tabbara, regional president for «HSBC Private Banking» for the Middle East and North Africa, Turkey, The Middle East region is the global market is important for Global Private Banking, which connects the customer centers, private banking services, such as the United Kingdom and Switzerland, referring to the that investors of high net worth are looking increasingly to take advantage of private banking services provided by the centers alternative, such as Singapore and Hong Kong, and in general, and in spite of the desire of many customers to keep a portion of their investment portfolios locally, the vast majority of high net-worth seeking to diversify part of their wealth outside the Middle East. said Tabara, in dialogue with the «Middle East», the regulatory environment in the region is changing rapidly and will continue to be so, and with the increasing scrutiny from the perspective of fiscal transparency will have individual clients with high net worth wealth management within a strict regulatory framework, where the exchange of information across different countries is prevalent. * What are the services provided by the «HSBC» Private Banking in the Middle East and North Africa? - on a global level, the «HSBC» Services Private Banking, providing a range of services for individual customers of high net worth and families. We focus on building long-term relationships in order to help our clients develop and manage their wealth and maintain it through the provision of cutting edge solutions in the areas of investment and business and how to move and pass the assets through the generations, so naturally through providing excellent services. * What are the sectors that are focused in the field of acts of private banking? - usually concentrated our attention on customers from the owners of companies and enterprises who have special financial needs of overlap in many times with their other business. For this reason, it is able to private banking that holds the private wealth management, and help companies seeking to develop its business on an international level, and has a «HSBC» legacy proud of the achievements in the field of business services, commercial banking, and strive to be the bank services private banking clients to the group of high net worth individuals and institutions alike, and a primary focus on private banking customers of high net worth individuals. From this perspective, highlights the strength of the Group's business sector companies and investment banking services, enabling us to provide customers with products and services are consistent and compatible with their needs, and through cooperation with our colleagues in other business sectors with the bank we are able to provide support and assistance to customers, not only in the management of their financial assets but in our ability to help them grow their business. We can help clients who are seeking to borrow or Options financial restructuring and provide them with access to opportunities for joint investment. * What is the added value that Temtlkunha services offered by banks and other special? - enjoy global presence, particularly in fast-growing markets, enabling us to connect customers Private Banking centers the world's leading and enabling them to take advantage of global opportunities, we offer a range of services very distinct and different services accepted in the private banking sector, as we provide to our customers a range of opportunities in the fastest-growing global markets. And is available to customers of the owners of their growing wealth of new types of investments that are met by providing a variety of investment opportunities for clients. The start of these investments from underwriting bonds the Chinese until new versions in fixed income instruments Global in Latin America or real estate investments in Turkey. * Is the Middle East region retain the funds, or that customers prefer to keep them out of the area? - traditionally, the Middle East region is considered an important global market for global private banking services that connect clients private banking centers, such as the United Kingdom and Switzerland. But investors of high net worth are looking increasingly to take advantage of private banking services provided by the centers, alternative, such as Singapore and Hong Kong, and in general, and in spite of the desire of many customers to keep a portion of their investment portfolios locally, the vast majority of the owners of wealth Big seeking to diversify part of their wealth outside the Middle East. For these customers, the bank's ability to link them to service centers Global Private Banking, such as Switzerland, Singapore, London and Hong Kong, are of great importance. * What are the developments of the most interesting, which occurred in the sector of private banking at the present time? - I think the most exciting developments , which occurred in the sector of private banking at Bank specifically, is to devise solutions for individual customers. Has turned private banking business away from being a work based on the asset allocation is pure, and that will continue. In the future, it will become the best institutions services provider of private banking institutions are able to assist customers in managing their portfolios fully, and in addition to Wealth Management, the Private Banking will help customers develop and grow their business or increase their wealth (through strategic acquisitions or IPOs), which helps them to protect its value (through services, such as planning), and guide customers to comply with the standards of corporate governance when thinking about how to manage their assets in the future. * It is well known that the area contains a large part of the family business, how can you help family businesses from the Middle East From the perspective of corporate governance family? - given the structure of the family businesses in the Middle East and the GCC in particular, the corporate governance consultancy family is considered a vital factor for family businesses passed down through the generations, and continue to grow and develop. Sadly, the fact that in this region, as is the case in the rest of the world, that the majority of family businesses fail not continue for the third generation, and facing family businesses all over the world a range of problems the public, such as planning for continuity, planning to pass assets across generations and management differences. Although management considers these problems is necessary for both the family and the family business at the same time. In «HSBC», works to have about 700 experts in the private wealth management specialists in providing advice to clients of high net worth very on issues related to governance and planning for the transition and pass and assets across generations. * what the nature of the business that you give to this family business? - When asked by a private bank like us to provide assistance to develop a plan for the future of the family business, the first step in providing advice often is to encourage members to think about their legacy in the long term, and not over the next ten years only, but over the past thirty the next, percent or even years to come. Each family company of its own objectives and unique, but once they are agreed on the broad vision would be we can work on the formulation of appropriate organizational structures to achieve these common goals, and begin the next phase to establish the organizational structures of ownership of assets and tangible assets, such as funds, treasury and other assets other. It also is designing an integrated management arrangements and supportive (programs). And are created in consultation with the family to reflect the goals so aware of every member of his responsibilities and terms of reference, and as the demand for this type of service is growing, it is currently working on the development of organizational structures innovative to help family businesses to protect their capital and assets through future generations at all times . * What are the other trends that could affect the private banking business in the region? - over the next ten years will continue to move assets and pass wealth between generations, and we believe that it will lead to the emergence of a number of changes that will affect the private banking business in the region. First: the fragmentation of the assets will be greater after distribution among the heirs. Second, we will continue to see a shift in the needs and preferences of customers, where would seek a younger generation of heirs, which is characterized by the vision and financial requirements of more sophisticated to deal with us as banks in particular, and finally .. will continue to organize at the top of the agenda of the private banking services in the Middle East and the world alike. And witnessing the regulatory environment has changed rapidly and will continue to do so. With the increased scrutiny from the perspective of fiscal transparency will have individual clients with high net worth wealth management within a strict regulatory framework, where the exchange of information across different countries is prevalent.
[You must be registered and logged in to see this link.]
Saturday 27 Shawwal 1435H - August 24, 2014 AD, time: 21:00 Sobhi Tabbara
Change the font Copy the Arab line Tahoma Kufi Arab Amiri Constant Scheherazade Nice Dubai: Assistant Zayani
Said Sobhi Tabbara, regional president for «HSBC Private Banking» for the Middle East and North Africa, Turkey, The Middle East region is the global market is important for Global Private Banking, which connects the customer centers, private banking services, such as the United Kingdom and Switzerland, referring to the that investors of high net worth are looking increasingly to take advantage of private banking services provided by the centers alternative, such as Singapore and Hong Kong, and in general, and in spite of the desire of many customers to keep a portion of their investment portfolios locally, the vast majority of high net-worth seeking to diversify part of their wealth outside the Middle East. said Tabara, in dialogue with the «Middle East», the regulatory environment in the region is changing rapidly and will continue to be so, and with the increasing scrutiny from the perspective of fiscal transparency will have individual clients with high net worth wealth management within a strict regulatory framework, where the exchange of information across different countries is prevalent. * What are the services provided by the «HSBC» Private Banking in the Middle East and North Africa? - on a global level, the «HSBC» Services Private Banking, providing a range of services for individual customers of high net worth and families. We focus on building long-term relationships in order to help our clients develop and manage their wealth and maintain it through the provision of cutting edge solutions in the areas of investment and business and how to move and pass the assets through the generations, so naturally through providing excellent services. * What are the sectors that are focused in the field of acts of private banking? - usually concentrated our attention on customers from the owners of companies and enterprises who have special financial needs of overlap in many times with their other business. For this reason, it is able to private banking that holds the private wealth management, and help companies seeking to develop its business on an international level, and has a «HSBC» legacy proud of the achievements in the field of business services, commercial banking, and strive to be the bank services private banking clients to the group of high net worth individuals and institutions alike, and a primary focus on private banking customers of high net worth individuals. From this perspective, highlights the strength of the Group's business sector companies and investment banking services, enabling us to provide customers with products and services are consistent and compatible with their needs, and through cooperation with our colleagues in other business sectors with the bank we are able to provide support and assistance to customers, not only in the management of their financial assets but in our ability to help them grow their business. We can help clients who are seeking to borrow or Options financial restructuring and provide them with access to opportunities for joint investment. * What is the added value that Temtlkunha services offered by banks and other special? - enjoy global presence, particularly in fast-growing markets, enabling us to connect customers Private Banking centers the world's leading and enabling them to take advantage of global opportunities, we offer a range of services very distinct and different services accepted in the private banking sector, as we provide to our customers a range of opportunities in the fastest-growing global markets. And is available to customers of the owners of their growing wealth of new types of investments that are met by providing a variety of investment opportunities for clients. The start of these investments from underwriting bonds the Chinese until new versions in fixed income instruments Global in Latin America or real estate investments in Turkey. * Is the Middle East region retain the funds, or that customers prefer to keep them out of the area? - traditionally, the Middle East region is considered an important global market for global private banking services that connect clients private banking centers, such as the United Kingdom and Switzerland. But investors of high net worth are looking increasingly to take advantage of private banking services provided by the centers, alternative, such as Singapore and Hong Kong, and in general, and in spite of the desire of many customers to keep a portion of their investment portfolios locally, the vast majority of the owners of wealth Big seeking to diversify part of their wealth outside the Middle East. For these customers, the bank's ability to link them to service centers Global Private Banking, such as Switzerland, Singapore, London and Hong Kong, are of great importance. * What are the developments of the most interesting, which occurred in the sector of private banking at the present time? - I think the most exciting developments , which occurred in the sector of private banking at Bank specifically, is to devise solutions for individual customers. Has turned private banking business away from being a work based on the asset allocation is pure, and that will continue. In the future, it will become the best institutions services provider of private banking institutions are able to assist customers in managing their portfolios fully, and in addition to Wealth Management, the Private Banking will help customers develop and grow their business or increase their wealth (through strategic acquisitions or IPOs), which helps them to protect its value (through services, such as planning), and guide customers to comply with the standards of corporate governance when thinking about how to manage their assets in the future. * It is well known that the area contains a large part of the family business, how can you help family businesses from the Middle East From the perspective of corporate governance family? - given the structure of the family businesses in the Middle East and the GCC in particular, the corporate governance consultancy family is considered a vital factor for family businesses passed down through the generations, and continue to grow and develop. Sadly, the fact that in this region, as is the case in the rest of the world, that the majority of family businesses fail not continue for the third generation, and facing family businesses all over the world a range of problems the public, such as planning for continuity, planning to pass assets across generations and management differences. Although management considers these problems is necessary for both the family and the family business at the same time. In «HSBC», works to have about 700 experts in the private wealth management specialists in providing advice to clients of high net worth very on issues related to governance and planning for the transition and pass and assets across generations. * what the nature of the business that you give to this family business? - When asked by a private bank like us to provide assistance to develop a plan for the future of the family business, the first step in providing advice often is to encourage members to think about their legacy in the long term, and not over the next ten years only, but over the past thirty the next, percent or even years to come. Each family company of its own objectives and unique, but once they are agreed on the broad vision would be we can work on the formulation of appropriate organizational structures to achieve these common goals, and begin the next phase to establish the organizational structures of ownership of assets and tangible assets, such as funds, treasury and other assets other. It also is designing an integrated management arrangements and supportive (programs). And are created in consultation with the family to reflect the goals so aware of every member of his responsibilities and terms of reference, and as the demand for this type of service is growing, it is currently working on the development of organizational structures innovative to help family businesses to protect their capital and assets through future generations at all times . * What are the other trends that could affect the private banking business in the region? - over the next ten years will continue to move assets and pass wealth between generations, and we believe that it will lead to the emergence of a number of changes that will affect the private banking business in the region. First: the fragmentation of the assets will be greater after distribution among the heirs. Second, we will continue to see a shift in the needs and preferences of customers, where would seek a younger generation of heirs, which is characterized by the vision and financial requirements of more sophisticated to deal with us as banks in particular, and finally .. will continue to organize at the top of the agenda of the private banking services in the Middle East and the world alike. And witnessing the regulatory environment has changed rapidly and will continue to do so. With the increased scrutiny from the perspective of fiscal transparency will have individual clients with high net worth wealth management within a strict regulatory framework, where the exchange of information across different countries is prevalent.
[You must be registered and logged in to see this link.]
Today at 8:08 am by Rocky
» MM&C 4/25/24 National Bank of Iraq goes live with Temenos core banking and payments
Today at 8:06 am by Rocky
» utube MM&C 4/26/24 Iraqi Dinar - US Treasury Exchange Rates- Focus - Banking Partnerships - Rate C
Today at 8:06 am by Rocky
» A banking official indicates a "danger" to Iraq by depriving more than half of its banks of dollars
Today at 7:55 am by Rocky
» With the participation of the Association of Private Banks, investment opportunities are on the tabl
Today at 7:45 am by Rocky
» Within a month... an Iranian border crossing recorded a noticeable increase in exports of goods to I
Today at 7:44 am by Rocky
» The Association of Private Banks appreciates the efforts of the government and the Central Bank to c
Today at 7:43 am by Rocky
» Al-Maliki's coalition presents a third candidate for the position of governor of Diyala
Today at 6:57 am by Rocky
» Arab gathering: The Kirkuk problem is getting complicated and the Sudanese must intervene
Today at 6:56 am by Rocky
» Next week.. a Kurdish delegation will visit Baghdad to meet with the Minister of Finance
Today at 6:54 am by Rocky
» Under the pretext of salaries... Al-Party refrains from handing over port revenues to Baghdad
Today at 6:53 am by Rocky
» Association of Banks: For the first time, we are witnessing a clear targeting of depriving half of t
Today at 6:51 am by Rocky
» Parliament does not know the reason for the delay in sending the 2024 budget schedules: Voting takes
Today at 6:49 am by Rocky
» Applicants for the 2024 Hajj are demanding that the Central Bank secure the dollar for them through
Today at 5:09 am by Rocky
» Governmental and private banks will showcase their services tomorrow during Financial Inclusion Week
Today at 5:08 am by Rocky
» Iraq's oil exports rise despite OPEC+ cuts
Today at 5:06 am by Rocky
» A study explodes a "surprise"... Iraq is among the countries that export oil to "Israel": How is the
Today at 5:04 am by Rocky
» Al-Araji emphasizes working to strengthen national identity
Today at 5:02 am by Rocky
» Al-Sudani visits Saudi Arabia to participate in the World Economic Forum in Riyadh
Today at 5:01 am by Rocky
» Iraq is talking about producing one million additional liters of gasoline
Today at 4:59 am by Rocky
» The Council of Ministers approves the implementation of the Baghdad Metro project
Today at 4:56 am by Rocky
» Minister of Commerce: We formed a joint economic committee with Türkiye
Today at 4:55 am by Rocky
» Resources: Government measures have contributed to improving the water situation in Iraq
Today at 4:53 am by Rocky
» Parliamentary Finance: Baghdad will continue to send salaries to the region’s employees until settle
Today at 4:51 am by Rocky
» A parliamentarian describes the corruption of Iraqi ports as “ghouls” and reveals the involvement of
Today at 4:49 am by Rocky
» Obelisk Hour: Basra is the subject of political conflict and ambiguity over the fate of the funds al
Today at 4:48 am by Rocky
» Turkmen leader: An agreement on the local government of Kirkuk is near
Today at 4:45 am by Rocky
» Anbar calls for the operation of its factories despite financial obstacles
Today at 4:44 am by Rocky
» Turki: The crisis of the Presidency of Parliament prompted the Sunnis to amend the Council’s interna
Today at 4:43 am by Rocky
» The Agriculture Committee confirms the existence of Iraqi-Turkish-Iranian discussions on water
Today at 4:42 am by Rocky
» Resources diagnose the challenges facing the water file in Iraq
Today at 4:38 am by Rocky
» Parliament pledges to the Interior Ministry: We will transfer money to buy weapons from citizens
Today at 4:33 am by Rocky
» Al-Issawi is the closest.. Parliament sets the date for deciding the choice of the new president
Today at 4:31 am by Rocky
» Deputy: Iraq's investments have risen and need a comprehensive review of previous years
Today at 4:30 am by Rocky
» Iraqis consume 7 billion eggs annually and import about $900 million
Today at 4:28 am by Rocky
» The Iranian role complicates attempts at open cooperation between Iraq and Turkey. Turkey is trying
Today at 4:26 am by Rocky
» Move in Iran to obtain $242 billion from Iraq in compensation for the eight-year war
Today at 4:25 am by Rocky
» 12 decisions from the Council of Ministers regarding the Baghdad Metro and Najaf-Karbala train proje
Today at 4:23 am by Rocky
» Sudanese Advisor: The path to development has begun... the Baka and the militias “we silence them wi
Today at 4:21 am by Rocky
» Not from Kurdistan.. How did Iraq become a source of oil for “Israeli tanks”?
Today at 4:19 am by Rocky
» Parliamentary Agriculture criticizes the Sudanese and Erdogan agreement: Türkiye will control water
Today at 4:16 am by Rocky
» The Iraqi government issues new decisions
Yesterday at 2:35 pm by Rocky
» The story of “reduced oil” to Jordan, from “compulsion” to mutual benefit.. Is there a loss?
Yesterday at 2:33 pm by Rocky
» The Council of Ministers takes 12 decisions for the Baghdad Metro and the Najaf-Karbala train
Yesterday at 2:32 pm by Rocky
» utube MM&C 4/23/24 Iraqi Dinar - IQD Update - Development Road Project - Saviour of Global Banking
Yesterday at 10:18 am by Rocky
» Kidney from pig transplanted into deathly ill New Jersey woman — and begins working almost immediat
Yesterday at 10:15 am by Bama Diva
» The most difficult option.. Warnings of the danger of floating the Iraqi dinar without achieving an
Yesterday at 9:48 am by Rocky
» Trade from the “Economic Committee” with Türkiye: It will overcome all obstacles facing the traders
Yesterday at 9:46 am by Rocky
» Washington's hope for stable relations with Baghdad clashes with Iraqi parties' rejection of the Ame
Yesterday at 9:41 am by Rocky
» Karim Badr: Development is America’s will to kill silk
Yesterday at 9:36 am by Rocky
» Oil: Opening of a new port for liquid gas for vehicles in Baghdad
Yesterday at 9:33 am by Rocky
» A media advisor warns of corruption in a draft law on the Parliament’s agenda
Yesterday at 9:21 am by Rocky
» Economist: There is serious work to lift US sanctions on Iraqi banks
Yesterday at 9:16 am by Rocky
» Will the agreements signed with the US Treasury reflect positively on the exchange rates?
Yesterday at 7:52 am by Rocky
» Iraq continues its quest to join the World Trade Organization
Yesterday at 7:51 am by Rocky
» Iraq completes the completion of the files for the initial offer of goods and services to join the W
Yesterday at 7:50 am by Rocky
» Economist: Travelers' dollars are leaking into the parallel market...and this is what the Central Ba
Yesterday at 7:32 am by Rocky
» President of the Federal Court: It is not permissible to force anyone to join any party, and the pol
Yesterday at 7:30 am by Rocky
» The Council of Ministers holds its session headed by Al-Sudani
Yesterday at 7:27 am by Rocky
» America weakens Baghdad...and increases Kurdistan's military capabilities
Yesterday at 7:26 am by Rocky
» The Iraqi government plans to build 10,000 schools throughout the country
Yesterday at 7:23 am by Rocky
» American threats close the Iraqi Stock Exchange at a loss
Yesterday at 7:21 am by Rocky
» Increase in external transfers at the Central Bank
Yesterday at 7:20 am by Rocky
» Al-Maliki calls on Britain to cancel restrictions on the entry of its companies into Iraq
Yesterday at 7:18 am by Rocky
» Planning and the European Union are discussing signing a number of agreements in the development, en
Yesterday at 7:16 am by Rocky
» Parliament talks about the mechanism for recovering smuggled funds and hints at the next stage
Yesterday at 7:13 am by Rocky
» Interior Ministry: The number of completed national cards reached 37 million cards
Yesterday at 7:06 am by Rocky
» Amnesty International: Violations of freedom and human rights continue in Iraq and the Kurdistan Reg
Yesterday at 7:04 am by Rocky
» Parliamentary Oil: The government is proceeding with the decision to raise the price of improved gas
Yesterday at 7:03 am by Rocky
» A parliamentary committee in Basra to investigate violations of the port company and the local gover
Yesterday at 7:00 am by Rocky
» Revealing the 10 most important American exports to Iraq
Yesterday at 5:31 am by Rocky
» A noticeable increase in the rate of Iraq's import of Chinese cooling devices
Yesterday at 5:30 am by Rocky
» Prime Minister: Working on projects without completing the infrastructure is a waste of money
Yesterday at 5:28 am by Rocky
» Iraq.. Extending the deadline for registration procedures on plots of land
Yesterday at 5:27 am by Rocky
» What is the main purpose of conducting the population census in Iraq?
Yesterday at 5:25 am by Rocky
» A plan to transform Iraq from a barren land to green with 5 million trees
Yesterday at 5:24 am by Rocky
» The Housing Fund announces the acceptance of more than 11 thousand loans through the Ur platform
Yesterday at 5:23 am by Rocky
» The Bank of Baghdad is moving to increase its capital to 400 billion dinars
Yesterday at 5:20 am by Rocky
» The electronic payment system will soon be adopted on Iraqi buses
Yesterday at 5:19 am by Rocky
» “It threatens our interests and destroys our economy.” An Iraqi project “irritates” the Kuwaiti stre
Yesterday at 5:18 am by Rocky
» Warning from the Central Bank about “misuse of electronic payment cards”
Yesterday at 5:17 am by Rocky
» Iraq and the Sultanate of Oman are discussing sending capacities through the Gulf countries
Yesterday at 5:16 am by Rocky
» The fact that a decision was issued to deport Syrian workers from Iraq
Yesterday at 5:14 am by Rocky
» Rice comes first... America exports 10 foodstuffs worth more than 350 million dollars to Iraq
Yesterday at 5:14 am by Rocky
» A sixth licensing round for gas exploration
Yesterday at 5:12 am by Rocky
» Baghdad is preparing to host the 50th session of the Arab Labor Conference
Yesterday at 5:11 am by Rocky
» Scientific symposium on the future vision of the tripartite budget
Yesterday at 5:09 am by Rocky
» Five conversion power stations enter service in Najaf
Yesterday at 5:08 am by Rocky
» Planning: Conduct a population census next November
Yesterday at 5:07 am by Rocky
» Experts: Spreading misleading information harms development and investment
Yesterday at 5:03 am by Rocky
» Economists call for tightening money laundering laws and port controls
Yesterday at 5:02 am by Rocky
» Today's newspapers are interested in Sudanese's visit to Anbar Governorate and preparations for cond
Yesterday at 5:00 am by Rocky
» Iraq and Russia discuss cooperation between the two countries in the field of information and artifi
Yesterday at 4:58 am by Rocky
» With international and Arab participation. Diyala University hosts the International Specialized Sci
Yesterday at 4:56 am by Rocky
» The Basra government discusses with a UN delegation support for owners of qualified companies to est
Yesterday at 4:49 am by Rocky
» Oil stabilizes amid signs of an economic slowdown in America
Yesterday at 4:48 am by Rocky
» More than 11 thousand loans announced by the Housing Fund via the Ur platform
Yesterday at 4:47 am by Rocky
» A parliamentarian talks about the "tsunami of multinational begging" and identifies their crossing p
Yesterday at 4:43 am by Rocky
» Iraq alone possesses 9% of the world's reserves...a magical material to stimulate agriculture and th
Yesterday at 4:40 am by Rocky