Asset Management in UAE
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About Asset Management
Asset management is a team within a financial organization which deals with the managing assets such as cash, investments and property of clients. They deal with high net worth individuals, foreign wealth funds and pension corporations. They serve as an advisor to clients who are goal oriented. They make note of the client’s investments, budgets, accounts, insurance and taxes. In corporate finance asset management plays a vital role in monitoring a company’s tangible and intangible resources by maintaining accounts. They also detect potential risks which pose a threat to the client’s assets and suggest methods to avoid them.
Asset managers are hired by institutional investors like pension funds, corporations, financial intermediaries and high net worth individuals. They conduct researches, interviews and statistical analysis of institutions to determine what kind of investment to make which suits the current market trend. There are seven types of asset management which are known to the current market they are financial, enterprise, infrastructure, public, IT, fixed and digital. Financial asset management deals with the sector of financial service industry. This involves the administration of investment funds and client investment accounts. Enterprise asset management is the auditing of fixed assets of an organization which include acquisition, operation, maintenance and decommissioning. Infrastructure asset management is the administration of public infrastructure such as roads, bridges, waterways and electrical grids. Public asset management deals with the administration of schools, parks, public spaces and airports. IT asset management is the control of IT hardware and software, this deals with the maintenance, contract management and accounting functions for IT assets. Some popular locations to find companies which provide asset managers in UAE are Al Hawai tower and Sheik Zayed road in Dubai.