Merrill Lynch program for clients' children
Dubai, August 12, 2007
Merrill Lynch’s Global Private Client (GPC) group recently hosted a Global Investing Programme in London for the children of its ultra high net worth clients (UHNWI) from the Gulf region.
The invitation-only programme, for those aged from 18 to 24 years, aimed to help them understand the processes and disciplines of successful investing, making them better informed about managing their wealth in the future.
The success of the Merrill Lynch Global Investing Programme highlights the value GPC clients attach to developing the financial knowledge of their sons and daughters so they are equipped to take responsibility for managing and safeguarding the wealth that will be passed to them.
Over the nine days, attendees were taken through a step-by-step guide to investing with presentations by Merrill Lynch analysts and investment professionals on different asset types, discretionary asset management, wealth structuring and alternative investments.
The programme also included a visit to Bloomberg’s UK headquarters as well as presentations from leading investment managers from Merrill Lynch and other financial institutions.
Imad El Aawar, resident executive director - Middle East, Merrill Lynch Global Private Client Group, said: “There is a growing need for ultra high net worth individuals to use more sophisticated strategies in their investment decisions. As financial markets grow increasingly complex it is vital the children of wealthy people also develop an understanding of finance to help them in their decision making and ensure their family’s wealth is well managed in the future. This was the fourth programme held by Merrill Lynch for the children of our Middle East clients and we look forward to holding similar events in the future.” – TradeArabia News Service