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Mike Coady, chief commercial officer of GWM, said that many residents in the UAE transfer large sums of money to pay for mortgages or boost their offshore savings, but "they don't always realise they are losing sizeable amounts of their hard-earned cash each time.
GWM said on Monday that it "has the intention" to buy Jeep, which was founded 76 years ago and is synonymous with the 4x4 off-road car.
At GWM we've got a hugely talented group of licenced financial planning advisors who can get people on the right track towards the retirement lifestyle they've always dreamed of.
GWM is the first digital wealth management e-commerce platform focused on the investment needs of GCC investors.
GWM had earlier tied up with International Car and Motor Limited (ICML) to manufacture and market its Rhino UV and Sonalika tractors in India.
When Morgan Stanley purchases Citi's (NYSE: C) remaining 35% stake in MSSB (likely in 2013), the contribution from GWM will likely increase considerably, providing greater stability to the earnings mix and enhancing overall returns.
Aside from the Haval, GWM performed well overall in September.
GWM Racing Ltd under the guidance of John Grandy and Peter Wykeham-Martin, who have also for the third year running been appointed as the race management team for this year's Muscat Regatta and Muscat to Khasab Race.
As a result of the deal, GWM RE will end up with about 60.
Last year for the same period, Morgan Stanley GWM posted a pre-tax income of $272 million and a $119 million pre-tax profit in the first quarter.
Throughout 2009, GWM has plans to launch 13 new models including sedans, small cars, MPV/SUVs and pick-ups.
The combined entity will have both the commercial and investment banking capacities, which mean that ML GWM can now offer more than just personal investment service to our clients, but also providing them with business solutions that look after their commercial and business financial requirements as well.