Gulf International Bank Group (GIB), a pan-GCC universal banking group, and Stanhope Capital Group, one of the world’s leading independent global wealth management firms, have announced a strategic partnership. The agreement will allow GIB to offer enhanced wealth advisory services to institutional and qualified private clients in the GCC region. This new partnership will provide clients with a comprehensive suite of services, including advisory, outsourced chief investment officer (OCIO), and discretionary wealth management advisory.
It will significantly expand GIB Group’s existing offerings, which currently include commercial banking, retail, treasury services, asset management, investment banking, and Sharia-compliant banking services. The collaboration allows GIB Group to extend its value-added services to clients, incorporating both local and global asset and wealth management.
GIB and Stanhope partnership announcement
For Stanhope Capital, the agreement presents an opportunity to further expand in the fast-growing GCC region by leveraging GIB Group’s established regional presence, local expertise, and extensive network. The investment platform available to clients in the region will encompass a wide array of global asset classes, including equities, fixed income, hedge funds, private equity, and real estate. Additionally, there will be a focus on Sharia-compliant products and alternative investments, offering access to top-tier buyout and venture capital managers.
Sara Abdulhadi, Chief Executive Officer of GIB B.S.C., commented, “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, added, “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 of Stanhope Capital Group, stated, “The demand for asset and wealth management services in the GCC is immense. Our ability to combine 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.
This strategic partnership promises to bring world-class investment solutions and unparalleled expertise to clients in the GCC, capitalizing on the strengths of both firms and their extensive industry experience.
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