{"id":1780,"date":"2017-12-28T07:12:54","date_gmt":"2017-12-28T07:12:54","guid":{"rendered":"http:\/\/middleeastevents.com\/blog\/?p=1780"},"modified":"2017-12-28T07:12:54","modified_gmt":"2017-12-28T07:12:54","slug":"growth-and-consolidation-predicted-for-financial-services-industry-in-year-ahead","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/growth-and-consolidation-predicted-for-financial-services-industry-in-year-ahead\/","title":{"rendered":"Growth And Consolidation Predicted For Financial Services Industry In Year Ahead"},"content":{"rendered":"<p>The head of one of the Middle East&#8217;s leading independent financial services providers is predicting solid growth in 2018, but also a likely consolidation in the sector as the industry adapts to a changing regulatory landscape.<\/p>\n<p>The CEO of the Nexus Group, Tarun Khanna, says that although the finance sector experienced a general slowdown in 2016,\u00a0the market overall is now firmly in a recovery phase. He believes the positive trend will continue into the new year and expects growth of 8% to 10% in premium in 2018.<\/p>\n<p>&#8220;2017 has been a much better year for us, this business is starting to grow again, and there are parts of our business that continued to grow right through the recession,&#8221;\u00a0Tarun Khanna said. &#8220;2018 will continue this growth, but is also going to be a year of change right across the industry.&#8221;<\/p>\n<p>As the market continues to recover, Tarun Khanna expects that regulatory changes will emerge as a growing issue for the industry during the coming year. He predicts that some financial services companies will struggle to meet increasing capital requirements, and may have to merge.<\/p>\n<p>Khanna says regulators are also moving towards higher qualification requirements for those working in the industry. This will raise standards, but will also be a challenge for many consultants and operators.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1781 size-full\" src=\"http:\/\/middleeastevents.com\/blog\/wp-content\/uploads\/2017\/12\/pux.jpg\" alt=\"\" width=\"1800\" height=\"1663\" srcset=\"https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2017\/12\/pux.jpg 1800w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2017\/12\/pux-300x277.jpg 300w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2017\/12\/pux-768x710.jpg 768w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2017\/12\/pux-1024x946.jpg 1024w\" sizes=\"auto, (max-width: 1800px) 100vw, 1800px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The head of one of the Middle East&#8217;s leading independent financial services providers is predicting solid growth in 2018, but also a likely consolidation in the sector as the industry adapts to a changing regulatory landscape. The CEO of the Nexus Group, Tarun Khanna, says that although the finance sector experienced a general slowdown in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/1780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=1780"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/1780\/revisions"}],"predecessor-version":[{"id":1782,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/1780\/revisions\/1782"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/1781"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=1780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=1780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=1780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}