He heads the Muhammadiyah, a 28-million-strong conservative Muslim organization focusing on social and educational activities.

CNN: 'He Is the Problem'

While clients in the West want to increase their wealth, they also are concerned with keeping what they have by sticking to conservative investments, and focusing on estate- and tax-planning strategies.

WSJ: In Asia, Fickle Millionaires Vex Banks

President Barroso told MEPs that it was time for the EU to get back to the issue of policy making, after a years of focusing on institutional reform, a viewpoint echoed by Conservative MEP Timothy Kirkhope .

BBC: European Council Statement