Best asset Protection strategy/private bank/wealth management for Dubai Resident (Expat)

[troubled soul]

I read on forum that It is safe to do not keep too much money in Dubai bank as It is risky.
I want know , after you reach let's say $25 million plus .
What is the best bank/broker/wealth management service ?

What are the option available in market for Dubai expat to protect money if something bad happen in Dubai ?

I find some and make list here

The Trading & Investment Specialist

Saxo Bank A/S is a fully licensed and regulated Danish bank with an online trading platform that empowers you to invest across global financial markets.

www.home.saxo

Home | Interactive Brokers LLC

Leading online trading solutions for traders, investors and advisors, with direct global access to stocks, options, futures, currencies, bonds and funds. Transparent, low commissions and financing rates and support for best execution.

www.interactivebrokers.com

International Bank Account | Barclays International Banking

Barclays International Banking offers you products and services to help you manage and grow your wealth across countries.

international.barclays.com

Current Bank Accounts In Dubai & UAE | Apply Online - HSBC UAE

Compare current accounts from a selection of HSBC bank accounts. Choose from HSBC Global Private Banking, Premier, Advance, or our Basic Current Accounts and apply online today.

www.hsbc.ae

Citibank International Personal Bank Singapore | International Banking - Citibank IPB

Lloyds Bank - Internet Banking - Error

My applications | BGL BNP Paribas

Quickly and securely access your “My Requests” personal area.

www.bgl.lu

International Banking Products & Solutions

Standard Bank International offers a variety of personal international banking and investment solutions to help diversify your wealth portfolio in one of three major currencies - dollars, sterling and euros.

international.standardbank.com

Bank BNP Paribas | The bank for a changing world

All information about BNP Paribas, international bank: Job offers, Leaders, CSR, Innovation, News, Commitments, Corporate culture...

group.bnpparibas

Our financial services in the United Arab Emirates | United Arab Emirates

UBS is a global firm providing financial services in over 50 countries. Visit our site to find out what we offer in the United Arab Emirates.

www.ubs.com

Live more, Bank less | DBS Bank

At DBS, we continue to garner numerous prestigious awards, reflecting our growing strength and influence on the financial landscape throughout Asia.

www.dbs.com

 

[Martin Everson]

Damn you listed a lot of nice banks I already use .

You can't go wrong with Barclays and HSBC or pretty much any international bank in Jersey for parking cash. Be careful of Standard Bank right now however.

I would personal not even keep 50k in a bank in the Dictatorship called UAE where protests and political parties are banned.

 

[PhantomOf ThePits]

Hello azb1,

my last post got deleted due to posting links - hence I wont post links.

Basically what I wrote all the banks, brokers are trustworthy and a good option.
However, check also Swissquote in UAE which also offers quite some options.

In addition, there are 'new banks' in Switzerland like SEBA or Sygnum or in the US like Signature/Silvergate which also offer different services.

However, once you deposit money into the bank account, its not your money anymore and became a IOU vs the banks balance sheet.

Therefore what I recommend is to invest in high grade, liquid, short duration bonds as like that it is off the banks balance sheet and your counterparty risk massively reduced.

Also its good to spread the asset in different white listed jurisdictions like Singapore, Switzerland, Jersey etc and avoid offshore banks like Belize, Marshall or such as this will eventually bite back nowadays.

To buy money-market bonds for example you can do in any of the above mentioned banks/brokers and such will stay off balance sheet without having the delta market risk.