As global regulations tighten, private wealth clients in the Middle East and South Asia face increasing pressure to rethink legacy wealth structures and cross-border planning. In the UAE, recent corporate tax reforms and enhanced reporting standards are accelerating this shift toward more transparent and formalised frameworks.
Sheheryar Rasul, CEO of Group Wealth Management at Habib Bank AG Zurich, shares valuable insights on how wealth advisers must adapt to these macro shifts. He highlights the growing complexity of managing global families, the importance of education in wealth planning, and the move from informal arrangements to robust governance structures such as foundations. Rasul emphasizes that wealth planning is no longer just about compliance but a strategic growth engine that builds trust, continuity, and long-term legacy for clients.