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Economic activity has slowed down as the country took an aggressive stance to slow the spread of COVID-19 and this impacted the investment management sector among other sectors. Fiscal and monetary response combined with crisis containment action have made some economic stability, yet liquidity remains scarce and the outlook for earnings is soft.
Challenging times can be a catalyst for innovation and growth. It is anticipated that business resilience plans and overall operating models will be re-examined. Investor confidence and trust will slowly be restored. And more importantly, leaders in the investment management sector will be defined by what they do along the three dimensions to managing crisis: respond, recover, and thrive.
As part of KFAS efforts to disseminate knowledge to help the private sector navigate during this difficult time, we are hosting the CEOs of the two leading investment management companies in Kuwait to discuss the changing investment landscape and its impact on the investment managers community in Kuwait.