RIYADH, October 29: NBK Wealth (NBKW), a leading provider of all-inclusive wealth management services, today announced its strategic partnership with JP Morgan Asset Management (JPMAM), a leading wealth management assets in the world. 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 clients by combining NBK Wealth’s market leadership with JPMAM’s extensive expertise in various asset classes.

The partnership aims to expand NBK Wealth’s service offerings by leveraging JPMAM’s broad range of world-class investment strategies. This strategic partnership will enable NBK Wealth to offer a broader selection of innovative and diversified portfolios designed for high performance and tailored to meet the evolving needs of its clients. Together, the two companies will unlock global investment opportunities, giving clients access to comprehensive portfolios designed to withstand various market cycles and drive long-term growth.

Beyond product enhancements, this partnership will promote an in-depth exchange of knowledge and expertise. NBK Wealth’s investment professionals will benefit from JPMAM’s cutting-edge research and global knowledge, enabling them to provide personalized investment advice and tailored solutions. The collaboration also highlights the two companies’ commitment to jointly developing personalized investment solutions, combining local market knowledge with global capabilities to meet the unique needs of sophisticated investors.

NBK Wealth clients can expect numerous benefits, including access to a wider range of investment opportunities across various asset classes, regions and markets. This alliance aims to increase clients’ return potential through better diversification and the introduction of innovative investment products. In an ever-changing financial landscape, the joint efforts of NBK Wealth and JPMAM 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 of NBK Wealth, said: “Our strategic partnership with JP 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 unique position to deliver cutting-edge investment solutions that will effectively protect and grow our clients’ wealth.

“This partnership also demonstrates our commitment to continually evolving our service offering, ensuring we remain at the forefront of wealth management innovation. By collaborating with JP Morgan Asset Management, we enhance our ability to offer personalized and high-performance investment solutions that meet the unique needs of each client, in varying market conditions,” added Al-Hamad.

For his part, Patrick Thomson, CEO EMEA of JP Morgan Asset Management, said: “This collaboration with NBK Wealth underlines our belief in the power of partnerships to deliver superior investment solutions. By combining NBK Wealth’s local knowledge with JP Morgan’s global network and expertise, we aim to offer our clients innovative strategies that meet their evolving needs and create a robust platform for long-term growth .

Through this strategic partnership, both companies are poised to enrich their clients’ wealth management experience, ensuring they receive leading solutions and expert advice for the future.

About NBK Wealth

NBK Wealth, a core part of the NBK Group and one of the leading wealth management companies in the Middle East, 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 full range of services, including private banking, financial planning, asset management and advisory services. The group takes a client-centric approach, tailoring its solutions to meet the unique financial goals of high-net-worth and ultra-high-net-worth individuals and institutions. For more information:

About JP Morgan Asset Management

JP Morgan Asset Management, with assets under management of $3.5 trillion as of September 30, 2024, is a global leader in investment management. JP Morgan Asset Management’s clients include institutions, retail investors and high net worth individuals in all major markets around the world. JP Morgan Asset Management provides global investment management in equities, fixed income, real estate, hedge funds, private equity and cash. For more information: www.jpmorganassetmanagement.com.