Understanding these trends is crucial for identifying and attracting the right talent. Below, we explore key developments in these industries and what they mean for recruitment.
Both Fundraising & Investment Teams Are Increasingly Based in the UAE
Historically, asset management, wealth management and private equity teams were based in global financial centres like London, New York and Singapore. However, the UAE is becoming another global financial hub.
Fundraisers have long targeted the Middle East to raise capital. They often believed that regular trips to the region could unlock investment from Middle Eastern institutions. Yet, in recent years, it has become clear that a physical presence is required to manage and grow relationships. In response to this, leading international PE teams have moved investment teams to the Middle East. Having a presence allows for a more hands-on approach as investors have better proximity to key markets and can build stronger relationships with regional players.
Furthermore, investors now have a greater appetite and ability for co-investment. Relocating professionals to the UAE provides direct access to emerging markets across the Middle East, Africa and Asia. Local knowledge of regulations and business culture is now essential. Consequently, demand has increased for top-tier candidates with both international experience and local expertise.
The UAE Makes Logical Sense for European Teams Investing in Asia
For European investment teams, relocating to the UAE offers strategic advantages. The region’s geographical location connects Europe and Asia. It also provides investment teams access to key Asian markets. The UAE’s business-friendly environment, tax incentives and world-class infrastructure make it attractive for European firms looking to expand. The Abu Dhabi Investment Office’s innovation programme also offers assistance to set up within the ADGM.
Increasing Number of Family Offices and Wealth Managers Seeking More Exposure to Private Equity in the UAE
Wealth managers and family offices are increasingly attracted to private equity. It provides access to innovative and high-growth investment opportunities, especially in emerging markets. Local family offices and wealth managers in the UAE are diversifying their portfolios and seeking more exposure to private equity. As the demand grows, so does the need for professionals with expertise in the region’s business environment. The asset management sector continues to benefit from the region’s growing number of high-net-worth individuals and institutional investors. These investors have a large amount of dry powder and a growing focus on alternative investments.
How We Can Help with Private Equity Recruitment in the UAE
As part of the Hanson Search Group, Hanson Capital advises Private Equity and Asset & Wealth Managers on investment, fundraising, sales, communications, leadership appointments and strategic advice. We operate under an ADGM licence, with offices and senior leadership based in both Abu Dhabi and Dubai. Get in touch with our team for more information.
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