Latest news with #OsamahShaker
Daily Tribune
30-04-2025
- Business
- Daily Tribune
GIB Group, Stanhope Capital Group in strategic partnership
Gulf International Bank Group, a pan‑GCC universal banking group, and Stanhope Capital Group, one of the world's leading independent glob‑ al wealth management firms, announced that they have en‑ tered into an agreement to offer wealth advisory services to in‑ stitutional and qualified private clients in the GCC region. The agreement will offer cli‑ ents a comprehensive suite of services including advisory, out‑ sourced chief investment officer and discretionary wealth advi‑ sory, expanding the GIB Group's existing offering, which includes commercial banking, retail, treasury services, asset man‑ agement, investment banking and Sharia‑compliant banking services. The partnership will enable the GIB Group to extend its suite of value‑added services to clients to include asset and wealth management locally and on a global basis. For Stanhope Capital, whose core business is to offer wealth management and advisory sevices to its global client base, the agreement is an opportunity to further expand in the GCC, which has become one of the fastest growing regions for such services and to do so whilst capitalising on the GIB Group's established regional presence, local expertise and extensive network. The investment platform of‑ fered to clients in the region will cover all global asset classes, including equities, fixed income, hedge funds, private equity and real estate combined with a strong expertise in Sharia‑com‑ pliant products. Alternative investments offering access to top‑quartile buyout and ven‑ ture capital managers will form a core part of the offering. worldclass platform Commenting on the partnership, Sara Abdulhadi, Chief Executive Officer of GIB B.S.C., said, 'The increasing demand for sophisticated investment solutions requires a partner that understands both local and international markets. Through this collaboration, we are well‑positioned to provide our clients with a comprehensive, world‑class investment platform that aligns with their evolving financial goals'. Osamah Shaker, Chief Exec‑ utive of GIB Capital, said: 'By leveraging Stanhope Capital's global insights and expertise, combined with GIB Capital's strong footprint and track record in the region, we aim to offer enhanced value and support to our clients in achieving their financial goals. Daniel Pinto, Chairman & CEO Stanhope Capital Group, said: 'The demand for asset and wealth management services in the GCC is immense and our abil‑ ity to combine the GIB Group's access and expertise with our long‑standing experience ser‑ vicing the most demanding in‑ stitutional and private clients globally will create something unique in the region'.
Biz Bahrain
30-04-2025
- Business
- Biz Bahrain
GIB Group and Stanhope Capital Group Announce Strategic Partnership to Offer Wealth Advisory Services in the GCC Region
Gulf International Bank Group ('GIB Group'), a pan-GCC universal banking group, and Stanhope Capital Group ('Stanhope'), one of the world's leading independent global wealth management firms, announced that they have entered into an agreement to offer wealth advisory services to institutional and qualified private clients in the GCC region. The agreement will offer clients a comprehensive suite of services including advisory, outsourced chief investment officer ('OCIO') and discretionary wealth advisory, expanding the GIB Group's existing offering, which includes commercial banking, retail, treasury services, asset management, investment banking and Sharia-compliant banking services. The partnership will enable the GIB Group to extend its suite of value-added services to clients to include asset and wealth management locally and on a global basis. This model, which combines a regional bank partnering to provide international wealth advisory services, is new to the region and will have the enhancement of local skillsets as an additional focus. For Stanhope Capital, whose core business is to offer wealth management and advisory services to its global client base, the agreement is an opportunity to further expand in the GCC, which has become one of the fastest growing regions for such services and to do so whilst capitalising on the GIB Group's established regional presence, local expertise and extensive network. The investment platform offered to clients in the region will cover all global asset classes, including equities, fixed income, hedge funds, private equity and real estate combined with a strong expertise in Sharia-compliant products. Alternative investments offering access to top-quartile buyout and venture capital managers will form a core part of the offering. Commenting on the partnership, Sara Abdulhadi, Chief Executive Officer of GIB B.S.C., said, 'This agreement is a significant step forward in the GIB Group's strategy to expand and diversify our offerings, with asset and wealth management as a key pillar of our growth. By leveraging our deep regional presence and trusted client relationships, alongside Stanhope Capital's global investment expertise and strong performance track record, we are creating a compelling wealth advisory proposition tailored for institutional and private clients in the GCC. The increasing demand for sophisticated investment solutions requires a partner that understands both local and international markets. Through this collaboration, we are well-positioned to provide our clients with a comprehensive, world-class investment platform that aligns with their evolving financial goals'. Osamah Shaker, Chief Executive of GIB Capital, said 'We are excited to join hands with Stanhope Capital. This collaboration aligns with our commitment to delivering superior investment advisory services and tailored solutions to our clients. By leveraging Stanhope Capital's global insights and expertise, combined with GIB Capital's strong footprint and track record in the region, we aim to offer enhanced value and support to our clients in achieving their financial goals. Daniel Pinto, Chairman & CEO Stanhope Capital Group, said 'We are delighted about entering into this important commercial agreement with the GIB Group, undoubtedly one of the most respected financial institutions in the region. The demand for asset and wealth management services in the GCC is immense and our ability to combine the GIB Group's access and expertise with our long-standing experience servicing the most demanding institutional and private clients globally will create something unique in the region'.
Zawya
29-04-2025
- Business
- Zawya
GIB Group and Stanhope Capital Group announce strategic partnership
Gulf International Bank Group ('GIB Group'), a pan-GCC universal banking group, and Stanhope Capital Group ('Stanhope'), one of the world's leading independent global wealth management firms, announced that they have entered into an agreement to offer wealth advisory services to institutional and qualified private clients in the GCC region. The agreement will offer clients a comprehensive suite of services including advisory, outsourced chief investment officer ('OCIO') and discretionary wealth advisory, expanding the GIB Group's existing offering, which includes commercial banking, retail, treasury services, asset management, investment banking and Sharia-compliant banking services. The partnership will enable the GIB Group to extend its suite of value-added services to clients to include asset and wealth management locally and on a global basis. This model, which combines a regional bank partnering to provide international wealth advisory services, is new to the region and will have the enhancement of local skillsets as an additional focus. For Stanhope Capital, whose core business is to offer wealth management and advisory services to its global client base, the agreement is an opportunity to further expand in the GCC, which has become one of the fastest growing regions for such services and to do so whilst capitalising on the GIB Group's established regional presence, local expertise and extensive network. The investment platform offered to clients in the region will cover all global asset classes, including equities, fixed income, hedge funds, private equity and real estate combined with a strong expertise in Sharia-compliant products. Alternative investments offering access to top-quartile buyout and venture capital managers will form a core part of the offering. Commenting on the partnership, Sara Abdulhadi, Chief Executive Officer of GIB B.S.C., said,"This agreement is a significant step forward in the GIB Group's strategy to expand and diversify our offerings, with asset and wealth management as a key pillar of our growth. By leveraging our deep regional presence and trusted client relationships, alongside Stanhope Capital's global investment expertise and strong performance track record, we are creating a compelling wealth advisory proposition tailored for institutional and private clients in the GCC. The increasing demand for sophisticated investment solutions requires a partner that understands both local and international markets. Through this collaboration, we are well-positioned to provide our clients with a comprehensive, world-class investment platform that aligns with their evolving financial goals'. Osamah Shaker, Chief Executive of GIB Capital, said 'We are excited to join hands with Stanhope Capital. This collaboration aligns with our commitment to delivering superior investment advisory services and tailored solutions to our clients. By leveraging Stanhope Capital's global insights and expertise, combined with GIB Capital's strong footprint and track record in the region, we aim to offer enhanced value and support to our clients in achieving their financial goals. Daniel Pinto, Chairman & CEO Stanhope Capital Group, said 'We are delighted about entering into this important commercial agreement with the GIB Group, undoubtedly one of the most respected financial institutions in the region. The demand for asset and wealth management services in the GCC is immense and our ability to combine the GIB Group's access and expertise with our long-standing experience servicing the most demanding institutional and private clients globally will create something unique in the region'. For more information, please contact: Zahraa Taher Managing Director FinMark Communications Email: ztaher@
