New bank eyes UAE’s rich women
Women 'have different investment needs to men,' says team behind new organization.
June 7, 2010 4:04 by Samuel Potter
A new investment bank in Abu Dhabi is targeting wealthy women, reports Reuters.
Al Bashayer Investment Company, whose senior officers are women, says that females have different investment needs to men, and will offer corporate advisory, investment banking, brokerage and wealth management, according to the report.
“Very few services are given to women in the field of investments here. Women will be our focus clients,” chairwoman Fatima Al Jaber told reporters. “We want to create women’s wealth.”
Some women investors have different risk appetites and their investment objectives and expectations are different, she argues, and many of these investors do not get the services they require.
The bank is aiming to raise $100 million by year end; it has already raised $38 million.