Kuwait Times, Wed, Oct 30, 2024 | Rabi al-Thani 27, 1446
NBK Wealth, JP Morgan Asset Management establish strategic investment partnership
Kuwait:
NBK Wealth (NBKW), a leading provider of
all-inclusive wealth management services, announced today its strategic
partnership with J.P. Morgan Asset Management (JPMAM), one of the world’s
leading asset managers. Announced at the 8th edition of the Future Investment
Initiative (FII) 2024 in Riyadh, Saudi Arabia, this collaboration aims to
revolutionize the investment solutions available to NBK Wealth’s clients by
combining the market leadership of NBK Wealth with JPMAM’s extensive expertise
across various asset classes.
The partnership aims to expand NBK Wealth’s service offerings by harnessing
JPMAM’s extensive suite of world-class investment strategies. This strategic
partnership will empower NBK Wealth to provide a wider selection of innovative,
diversified portfolios designed for high performance and tailored to meet the
evolving needs of its clients. Together, both firms will unlock global
investment opportunities, granting clients access to comprehensive portfolios
that are built to withstand diverse market cycles and drive long-term growth.
Beyond product enhancements, this partnership will foster a deep exchange of
knowledge and expertise. NBK Wealth’s investment professionals will benefit from
JPMAM’s cutting-edge research and global insights, empowering them to deliver
tailored investment advice and bespoke solutions. The collaboration also
underscores both firms’ commitment to the joint development of customized
investment solutions, combining local market knowledge with global capabilities
to meet the unique needs of sophisticated investors.
NBK Wealth’s clients can expect numerous advantages, including access to a wider
array of investment opportunities across diverse asset classes, regions, and
markets. This alliance aims to enhance clients’ potential for higher returns
through improved diversification and the introduction of innovative investment
products. With an ever-changing financial landscape, NBK Wealth and JPMAM’s
joint efforts will ensure clients have access to forward-thinking solutions that
align with their long-term financial goals.
Commenting on this strategic partnership, Faisal Al-Hamad, CEO - NBK Wealth,
stated, “Our strategic partnership with J.P. Morgan Asset Management reflects
our unwavering commitment to delivering unparalleled value to our clients. By
integrating NBK Wealth’s market expertise with JPMAM’s global reach, we are in a
prime position to offer cutting-edge investment solutions that will effectively
protect and grow our clients’ wealth.”
“This partnership also signifies our dedication to continuously evolving our
service offering, ensuring that we remain at the forefront of innovation in
wealth management. By collaborating with J.P. Morgan Asset Management, we are
enhancing our ability to deliver personalized, high-performance investment
solutions that meet the unique needs of each client, across varying market
conditions,” Al-Hamad added.
Meanwhile, Patrick Thomson, CEO, EMEA, J.P. Morgan Asset Management commented,
“This collaboration with NBK Wealth underscores our belief in the power of
partnerships to deliver superior investment solutions. By combining NBK Wealth’s
local insights with J.P. Morgan’s global network and expertise, we aim to
empower clients with innovative strategies that address their evolving needs and
create a robust platform for long term growth.” With this strategic partnership,
both firms are set to enrich the wealth management experience for clients,
ensuring they receive top-tier solutions and expert guidance for the future.
About NBK Wealth
NBK Wealth, a core part of NBK Group and one of the Middle East’s leading wealth
management firms, manages over $20 billion in Assets Under Management as of
2023. With a global presence spanning nine cities in five countries, NBK Wealth
offers a comprehensive range of services, including private banking, financial
planning, asset management, and advisory services. The group takes a
client-centric approach, tailoring solutions to meet the unique financial goals
of ultra- and high-net-worth individuals and institutions.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of $3.5 trillion, as
of September 30, 2024, is a global leader in investment management. J.P. Morgan
Asset Management’s clients include institutions, retail investors and
high-net-worth individuals in every major market throughout the world. J.P.
Morgan Asset Management offers global investment management in equities, fixed
income, real estate, hedge funds, private equity and liquidity.