MyPrivateBanking Research Brief (February 2011)
What the Arab Revolution means for Wealth Managers
Feb. 09, 2011
Every overthrow of a dictatorial, corrupt leadership could become a highly critical situation for a number of private banks and wealth managers who have been personally and financially heavily involved with the Middle Eastern and African political elites around the world. This research brief estimates the amount of assets from the Middel East and Africa legally and illegaly deposited on offshore accounts and analyzes the financial, legal and reputational challenges for banks administering these accounts.
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