Abdulmohsin Al Omran: The Modernization of the Financial Technology | SALT Talks #95

Abdulmohsin Al Omran is the founder and Chief Executive Officer of The Family Office Co. BSC(c) (“The Family Office”), and Chairman of the Board of Petiole Asset Management AG, the investment arm of The Family Office, based in Zurich, Switzerland. Born into one of the oldest families in Riyadh, Al Omran set out from an early age to gain experience in different areas of finance with an eye on moving his country’s economy into the 21st century. Despite having 25% of the world’s oil reserves, Saudi Arabia is transitioning towards a more diversified economy that sees data as the new oil. “If I wanted to renew my passport or my driving license… I could do all this digitally … the private sector including the banks are trying to catch with what the government has been doing in the last five years.” The next stage in Middle East development will center on the rapid modernization of the financial technology space and sovereign wealth funds made of diverse and strategic investment portfolios. This new approach is guided by the four C’s: Commitment, Client, Culture and Cost. ————————————————————————— To learn more about this episode, including podcast transcripts and show notes, visit salt.org/talks Moderated by Anthony Scaramucci.