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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'.
Daily Tribune
30-04-2025
- Business
- Daily Tribune
Expands Private Banking and Wealth Management Services for HNW Clients
Al Baraka Islamic Bank Bahrain, one of the lead‑ ing Islamic banks in the Kingdom of Bahrain, has an‑ nounced the enhancement and expansion of its Private Bank‑ ing and Wealth Management services as part of its strategy to meet the growing needs of High‑Net‑Worth (HNW) clients. The initiative includes expanding the dedicated wealth‑management team, launching innovative products and providing personalised fi‑ nancial advisory services across areas such as financial planning, asset allocation and Sharia‑com‑ pliant investments. Names head In this context, the Bank also announced the appointment of Ms Fayza Hassan as Head of Pri‑ vate Banking and Wealth Man‑ agement—the unit is responsible for delivering specialised finan‑ cial solutions and services to HNW clients. Ms Hassan brings a distinguished banking career spanning many years and deep expertise in managing relation‑ ships with affluent clients and providing tailor‑made financial advice. This appointment is a strate‑ gic move that reflects Al Baraka's commitment to enhancing its internal capabilities and attracting qualified banking leaders, in line with its vision to deliver an exceptional banking experience that meets clients' evolving needs. It also demonstrates the Bank's determination to expand its private‑banking services and reach a broader segment of valued clients through advanced financial solutions built on trust, professionalism and differentiation. Crafted solution On this occasion, Mr Mazin Dhaif, Chief Retail Officer at Al Baraka Islamic Bank, said: 'Today's expansion of our Pri‑ vate Banking and Wealth Man‑ agement offering represents a key strategic milestone in our comprehensive plan to devel‑ op and elevate our premium services. At Al Baraka Islamic Bank, client satisfaction is at the core of our priorities, and we continuously strive to provide a banking experience that upholds the highest standards, especially for our HNW clients, whose complex needs demand ad‑ vanced and meticulously crafted solutions.' He added: 'This initiative underscores our ongoing com‑ mitment to enhance the value we deliver by broadening our service spectrum, leveraging highly skilled professionals and adopting the latest Sharia‑com‑ pliant banking practices. We are confident that these develop‑ ments will further cement Al Baraka Islamic Bank's position as a leading institution in Private Banking and Wealth Manage‑ ment, both locally and region‑ ally. We firmly believe that an‑ ticipating our clients' needs and innovating around them, with personalised service and rela‑ tionships built on mutual trust, are the foundations of long‑term success.'
