H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, 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, Chairman of LGT Group. The meeting took place at Sheikh Maktoum’s office in Nad Al Sheba.
During the discussion, Sheikh Maktoum emphasized the UAE’s commitment to strengthening ties with global financial institutions. He highlighted the leadership’s focus on accelerating financial sector growth, expanding investment opportunities, and driving broader economic development.
Dubai as a Global Financial Hub
Sheikh Maktoum noted that the UAE’s strong global connectivity and investor-friendly environment continue to attract leading financial institutions. He also pointed out that the country’s diversified economy and progressive policies create significant opportunities for private banking services.
Dubai, as a major financial hub, offers a dynamic business environment, advanced infrastructure, and supportive regulations. These advantages position the city as an ideal base for private banking and asset management firms looking to capitalize on emerging opportunities in the region and beyond.
LGT Group’s Role in the Region
LGT Group, a Liechtenstein-based private banking and asset management firm, has operated in the UAE since establishing an office in DIFC in February 2013. With over 5,800 employees across 30 locations worldwide, the group remains a key player in the global financial landscape. As of June 2024, LGT reported client assets under management totaling CHF 356 billion.
The meeting was attended by several high-ranking officials, 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.
This engagement underscores Dubai’s ongoing efforts to attract top financial institutions, further solidifying its position as a global investment hub.
