Maktoum Bin Mohammed Engages With LGT Group Chairman To Strengthen Financial Partnerships
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, recently met with HSH Prince Max von und zu Liechtenstein, Chairman of LGT Group. The meeting took place at Sheikh Maktoum’s office in Nad Al Sheba. During the discussion, Sheikh Maktoum emphasised the UAE's commitment to enhancing partnerships with global financial institutions like LGT Group to boost the financial sector and expand investment opportunities.
The UAE's investor-friendly environment and global connectivity are key attractions for leading financial institutions worldwide. Sheikh Maktoum noted that the country's diverse economy and forward-thinking policies offer significant growth prospects for private banking services. Dubai, as a major global financial hub, provides a vibrant business setting, top-tier infrastructure, and modern regulations that support sustainable growth for financial service companies.
Sheikh Maktoum highlighted that these factors make Dubai an ideal base for private banking and asset management firms aiming to tap into emerging regional opportunities. The city’s strategic advantages position it as a prime location for firms looking to expand their reach beyond local markets.
The meeting was attended by several notable figures including Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs; Helal Saeed Almarri, Director-General of the Dubai Department of Economy and Tourism; Essa Kazim, Governor of the Dubai International Financial Centre (DIFC); and Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of EmiratesNBD.
LGT Group is an international private banking and asset management firm headquartered in Liechtenstein. Owned by the Princely House of Liechtenstein for over eighty years, it operates in more than 30 locations globally with a workforce exceeding 5,800 employees. The group established its office in the Dubai International Financial Centre in February 2013.
As of 30th June 2024, LGT Group reported managing client assets worth CHF356 billion. This underscores its substantial presence in the global financial landscape and highlights its role as a key player in international finance.
The discussions between Sheikh Maktoum and Prince Max reflect ongoing efforts to strengthen ties between UAE and international financial entities. Such collaborations are crucial for driving economic development and expanding investment horizons within the region.
With inputs from WAM
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