NBK Wealth and J.P. Morgan Asset Management Establish Strategic Investment Partnership
Kuwait City, [Date] – 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. For more information: https://www.nbkwealth.com/.
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. For more information: www.jpmorganassetmanagement.com.
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