Int'l RAK Family Office and Investment Summit opened

RAS AL KHAIMAH — Shaikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, yesterday officially opened the International Ras Al Khaimah Family Office and Investment summit sponsored by Ras Al Khaimah Free Trade Zone Authority.

By A Staff Reporter

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Published: Tue 8 Apr 2008, 9:36 AM

Last updated: Sun 5 Apr 2015, 11:36 AM

Taking place at the Hilton Hotel RAK, the two-day summit has drawn an international line-up of delegates including representatives of leading wealth management specialists, banks, law firms, business consultants and financial advisers.

The objective of the event is to reveal the difference existing between the Western Family Wealth Management way and the Islamic Shariah Compliant way and create a debate to which all of the attendees — typically professionals of the financial sector — will participate.

The summit has assembled an international panel of financial experts to analyse the management of soaring family and entrepreneurial wealth in the GCC region which is experiencing its most dramatic growth since the petrodollar boom of the 1970.

The 13-strong panel will debate a range of key issues including the current needs and growth potential of Family Offices in the UAE, the role of trusts in Family Offices, opportunities for growth in the private banking sector, and the compliance environment in the UAE.

The event is organised by Swiss-based Financial Events International, and is jointly chaired by Dr Ludovic Verbist, Managing Director of AAMIL Ltd, a leading provider of international financial services, and Dr Nabil Charaf, Attorney at Law and President of the organisers.



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