Post by: Bandan Preet
Photo: Dubai Government Media Office
Dubai’s First Deputy Ruler, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, who is also the Deputy Prime Minister, Minister of Finance, and President of the Dubai International Financial Centre (DIFC), met today with HSH Prince Max von und zu Liechtenstein, the Chairman of LGT Group. LGT Group is a well-known international company specializing in private banking and asset management. The meeting took place at Sheikh Maktoum’s office in Nad Al Sheba.
During the meeting, Sheikh Maktoum spoke about the UAE’s strong focus on working closely with global financial institutions like LGT Group. He said that the country’s leadership aims to boost the financial sector, create more investment opportunities, and support overall economic growth. He highlighted that the UAE’s strong global connections and business-friendly environment continue to attract major financial companies. The country’s diverse economy and forward-thinking policies are also helping private banking services grow rapidly.
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Sheikh Maktoum pointed out that Dubai is a top financial hub with excellent business facilities, modern infrastructure, and advanced regulations. These factors make the city a perfect base for private banking and asset management firms that want to expand in the region and beyond.
Several key officials attended the meeting, 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 DIFC; and Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of EmiratesNBD.
LGT Group, headquartered in Liechtenstein, has been owned by the Princely House of Liechtenstein for over 80 years. The company operates in more than 30 locations worldwide and has a team of over 5,800 employees. In February 2013, LGT Group opened an office in DIFC, strengthening its presence in the region. As of June 30, 2024, the company reported managing client assets worth CHF 356 billion.
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