Gaining insight that provides a competitive advantage is critical for asset management and investment professionals, particularly in today’s interconnected, fast-paced global environment, where quickly identifying investment opportunities and risks can be the difference between success and failure. Whether you’re assessing investment and portfolio risk, implementing quantitative trading strategies, or managing regulatory needs, access to quality third-party data and sophisticated analytical tools, can help give you an edge. Individual investors usually lack the expertise and resources to consistently produce strong investment returns over time. Therefore, many investors rely on asset management companies to invest capital on their behalf.
Companies like Pearl Advisory Asset Management are able to offer clients completely unbiased solutions that aid in the achievement of their financial objectives. Pearl Advisory Asset Management, a company that was established in June 2020 in the Dubai International Financial Center, has a Category 3C licence and is regulated by the Dubai Financial Services Authority, which permits it to provide advice in addition to managing assets, arranging transactions, arranging custody, and arranging credit (for professional client, not for retail clients).
With some of the leading Swiss and Singaporean private banks as Business Partners, PAAM, an independent organisation, has not allied with any specific financial institution and solely works with professional clientele.
PAAM prides itself on being principled, pragmatic and professional in its approach to providing solutions to clients. “We provide solutions to our clients which are completely aligned with their goals. We have some of the best business providers across private banks, structured solutions and wealth structuring. Our team has experienced various market cycles and has been able to draw on their experience during these cycles to be able to provide the right solutions”, says Pratap Choubal, Senior Executive Officer and Cofounder of Pearl Advisory Asset Management.
Exposure to a Basket of Opportunities
Asia is a prominent market for wealth generation, and Asia and after the US, Asia has created the most number of Unicorns. Over the past ten years, the number of High Net Worth and Ultra High Net Worth individuals has increased significantly.
PAAM offers these High Networth individuals and professional clients strategies on on wealth protection and growth. The bankers in Private banks and relationship managers are frequently out of sync with the client’s needs and are unable to design the kind of comprehensive solutions that Pearl Advisory Asset Management can.
Pratap explains, “We started the firm right in the middle of the pandemic. We received our license at the end of August 2020. After the pandemic, we have seen the global markets go through a nasty phase. Geo-political issues, high inflation, rapid increases in interest rates, and low GDP growth have made 2022 an extremely challenging year. We currently manage wealth for about 15 families.”
Leading Swiss and Singaporean private banks have partnered with Pearl Advisory Asset Management to tailor the client’s financial assets under their name as part of the custody services. Since PAAM has a category 3C licence and is authorised by the Dubai Financial Services Authority to advise clients on their financial assets and manage those financial assets, it is permitted to carry out discretionary mandates. It is also authorised to negotiate transactions and arrange credit on behalf of clients.
A Team of Industry & Sector Specialists
Customers detest unpleasant surprises. The aim of PAAM is to reduce unexpected events in the wealth management process to a minimum. The company rigorously adheres to the client’s mandate, whether it calls for conservative capital management or aggressive asset allocation and growth. With the best business partners, PAAM has access to clients’ top-notch research. The team, under the direction of the Chief Investment Officer (CIO), develops the Asset Allocation plan and offers suitability criteria.
After developing the Asset Allocation Model, the team attempts to offer clients items that are appropriate and suitable for them. In order to adjust the Asset Allocation Model, they meet every quarter. However, in the event of any sudden changes to the macro- or microenvironment, they meet more frequently.
Each quarter, the portfolios are reviewed with the customers to provide them with an update on what is working well and any modifications that may need to be made. PAAM draws on the expertise of four core team members. Rahul Goyal is the Indian CIO and head of investment banking for Pearl and has over 20 years of experience across international and local banks in India.
Anil Pinto is the Investments manager with over 15 years experience in leading financial institutions in the UAE. Faisal Khan has over 20 years of experience working in banks across Canada, the US, and the UAE. Mohammed Yassine Bouhmad has over seven years of experience. Pratap Choubal, the Senior Executive Officer and co-founder, has held senior roles in private banking at Mashreq and Emirates NBD in the UAE.
Pratap considers that the future of the market is external and independent asset managers. He believes that clients are more at ease with external Asset Managers since their interests are aligned and in sync. Clients benefit from an open architecture in managing their wealth and a decrease in the number of Relationship Managers they interact with as a result. By the end of 2023, Pearl Advisory Asset Management plans to increase its existing strength from 5 to 9, and in early 2024, it will consider geographical expansion.
Pratap Choubal, Senior Executive Officer & Co-founder
Pratap Choubal is Pearl Advisory Asset Management’s Senior Executive Officer and co-founder. He earned his bachelor’s degree in commerce from the H.R College of Commerce and Economics and his MBA from Chetana’s R. K. Institute of Management and Research. After a brief career with an FMCG company, he joined Citi in November 1988. He has held top national roles in Citi’s Consumer, Commercial, and Private Banks in the UAE and India. Pratap worked for Citi for 17 years before joining Merrill Lynch in Dubai as a Financial Advisor. He has also held prominent positions in Private Banking at Mashreq and Emirates NBD in the UAE.
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