“There has been a stabilisation in the growth of ultra-wealthy individuals,” said Winston Chesterfield, director of custom research at wealth data specialist Wealth-X.
This is a sharp acceleration from 2016, which saw only 3.5% growth of this population, reflecting more favorable conditions for wealth creation, despite volatile geopolitics.
The investment from Investcorp will provide PB with additional support to advance its growth strategy, enabling the bank to further broaden and enhance its commercial offering to clients, it stated.
The new choices of the menu will be introduced gradually, commencing with the route from Doha to Perth, Sydney and Adelaide, with Melbourne being the immediate next destination to include the brand new delicacies.
An announcement about the split, dubbed “Project Momentum,” could come as early as this week, the people said.
Lewis Allsopp, CEO of Allsopp & Allsopp, attributes this to two reasons - affordability and mentality.
“I have been to Riyadh, I met the head of SAMA [the Saudi Arabian Monetary Authority], I made the application myself,” Reuters quoted Thiam as saying in response to a query made during a news conference.