Qatar recorded the “highest average wealth per adult” of $157,000 in the Mena region in mid-2015, growing 0.8% from the same period last year, while the UAE followed closely with $144,400, but declined 0.3% from last year. As they become more wealthy, they are seeking to invest not just across the MENA region, but also across Asia, Europe and the United States. Banks in Qatar are keeping up with their demands now, but international banks are making their moves to compete with the local banks, and ensure that they acquire a nice chunk of the market share.
This report evaluates Qatar’s HNWI behaviors, the changes in Qatar wealth management regulations, the competitive landscape, and the various wealth management products and their demand in the market. The report also thoroughly analyses the playing field for Qatar commercial banks, from domestic to foreign.
This report is completed by two surveys: The first survey interviews 100 HNWI throughout Qatar learn their needs, their changes, and how they view wealth management in Qatar. The second survey interviews 20 major banks in Qatar to learn about emergingtrends in wealth management in Qatar and the country’s competitive landscape.
The report also ranks the banks from best to worst based on customer service, product selection, international expertise, and advisory services.
Companies mentioned in the report
Ahli Bank Qatar
HSBC Bank Middle Eat
International Bank of Qatar
The Commercial Bank of Qatar
Qatar Islamic Bank
Other foreign asset management companies