This is a story about how two places, superficially different yet with a surprising number of parallels, rose to become private banking and wealth management powers.
The first, Singapore, is lush and tropical. The other, Dubai, is arid and windblown. Both are sweltering places to live: Dubai from March to October; Singapore all year round.
Neither is an obvious financial centre. They aren’t economic powers nor is there one – a China or US – nearby. Both are small and fairly young, having only secured independence in the past 60 years.
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