DUBAI, United Arab Emirates, Sept. 20, 2012 /PRNewswire/ -- Wealth-X, the ultra high net worth (UHNW) business development solution for Private Bankers, Prospect Researchers, Fundraisers, Marketing Executives and Business Development Professionals, officially launched in the Middle East on 19 September 2012 at the Park Hyatt Hotel, Dubai.

Guests who attended the event included Wealth-X clients and major industry leaders. Michel Nassif, Head of Middle East & Africa for Wealth-X, commented on the significance of the launch event, "The wonderful feedback we have had from clients and other luminaries underlines Wealth-X's position at the forefront of driving UHNW bespoke business development in the region."

"Wealth-X is clearly shaping the way business is done with the ultra wealthy in the region," emphasized David Friedman, Wealth-X President. Mr Friedman noted, "As highlighted in our recent World Ultra Wealth Report 2012-2013, there are 4,595 UHNW individuals in the Middle East with a combined wealth of US$710 billion." He added, "We are excited to be the first real option for Middle East business development professionals in Private Banking, Luxury and Philanthropy to gain insights into these individuals to build mutually beneficial business relationships."

For more information, please visit: www.wealthx.com

About Wealth-X

Wealth-X provides its members with qualified prospects and intelligence on ultra high net worth (UHNW) individuals, along with the privately held-companies they control. We work with 8 of the top 10 global private banks, leading educational institutions, not-for-profits and luxury brands. Our firm's online business development solution profiles individuals who represent $10.7 trillion of the world's net wealth. The Wealth-X database additionally offers exclusive details on ultra wealthy individuals, including their wealth, income, passions, philanthropic interests, affiliations, politics, advisors, families and biographies. Wealth-X is the global leader on UHNW individuals and the worldwide standard for professionals working with the ultra affluent. Headquartered in Singapore, the company has offices in Beirut, Budapest, Guangzhou, Hong Kong, Kuala Lumpur, London, Lugano, Madrid, Mumbai, New York and Sydney.

SOURCE Wealth-X