Open Access. Powered by Scholars. Published by Universities.®
- Institution
Articles 1 - 2 of 2
Full-Text Articles in Education
The Middle Eastern Wealth Management Industry: Boon Or Bust?, Bryane Michael
The Middle Eastern Wealth Management Industry: Boon Or Bust?, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
The wealth management industry in the Middle East and North Africa (MENA) represents a roughly $800 billion opportunity. Yet, tapping this opportunity will require new strategies by the wirehouses looking to penetrate into this market. In this paper, we argue that Middle-Eastern policymakers and bankers will need to develop an indigenous wealth management industry which keeps the super-wealthy’s investments at home. Developing a local national wealth management industry requires letting in foreign competition, changing banking and securities laws, and growing local companies whose share are worth buying. We show why Turkey has succeeded in growing a nationally and internationally competitive …
Whither Turkish Capitalism?, Bryane Michael
Whither Turkish Capitalism?, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
Turkish families will likely cede their controlling interests in Turkey’s dominant holding companies in the upcoming decades as Wall Street clamours for a greater share of developing world profits and families enjoy the fruits of their oligopolistic labours.