ABK Capital Partners with LGT Bank to Broaden Regional Investment Opportunities in DIFC

October 2,2024

ABK Capital DIFC and LGT Bank Forge Strategic Partnership to Elevate Regional Investment Services

Dubai,UAE – In a move signaling meaningful expansion within the financial sector,ABK Capital DIFC has announced a strategic alliance with LGT Bank (Switzerland) Ltd. This collaboration aims to broaden the delivery of complete investment services to clients throughout the Middle East and internationally. The partnership underscores ABK Capital’s dedication to building a robust investment platform and offering advanced solutions to a diverse client base.

Expanding Footprint in a Premier Financial Hub

ABK Capital DIFC, a subsidiary of Kuwait’s ABK Capital, recently established its presence at the Dubai international Financial Centre (DIFC). The DIFC is recognized globally as a leading financial hub, offering a prime location for serving a growing clientele and expanding into new markets. This strategic positioning enables ABK Capital to cater to an increasing demand for sophisticated investment products and services.

This partnership is part of a broader strategy from ABK Capital to cultivate relationships with globally recognized financial institutions. It follows existing collaborations with industry leaders such as Blackstone and BlackRock. According to company officials,these alliances are vital for strengthening its investment management capabilities and providing clients with premier private banking,global custody,and innovative investment platforms.

Strengthening Client Offerings Through Collaboration

Dr. Abdulaziz Jawad, chairman of ABK Capital – Kuwait, emphasized that establishing ABK Capital DIFC is central to the firm’s regional growth strategy. He stated that operating within the DIFC allows them to effectively reach a broader spectrum of clients across various jurisdictions and booking centers. “Our partnership with LGT Bank (Switzerland) Ltd. serves to enhance not only the quality, but also the depth of our services,” he added. “This will extend our reach to meet a wider range of client requirements, offering access to global markets, exclusive investment options, and superior Swiss private banking expertise.”

A Legacy of Excellence: LGT Bank’s Role

LGT Bank (Switzerland) Ltd., an integral part of the LGT Group, brings over 90 years of experience to the partnership. Entirely owned by the Princely Family of Liechtenstein, the LGT Group currently manages exceeding CHF 350 billion in assets and maintains a presence in over 30 countries worldwide. This extensive network and distinguished reputation position LGT as a cornerstone in global private banking and asset management.

This collaboration will give ABK Capital DIFC clients direct access to LGT’s established global infrastructure and platform. This will facilitate streamlined investment account management and reliable custody services through participating banks. sherif ElRafie, CEO of ABK Capital, explained that the cooperation aligns with their core mission of delivering world-class investment services coupled with global reach.

“This collaboration represents a key step in our plan to expand our service offerings,” ElRafie continued. “By partnering with globally respected managers like LGT, we are able to deliver differentiated investment options to our clients that are fully tailored, highly innovative, and backed by global expertise.”

Building a Regional Financial Leader

The launch of ABK Capital DIFC underscores the company’s intention to become a leading regional investment force. With a focus on innovation, strategic alliances, and customized client services, the firm is building a comprehensive investment platform designed to meet diverse risk profiles and investment goals.

Company	Key Focus	Geographic Presence
ABK Capital DIFC	Investment Management, Regional Expansion	Middle East, international
LGT Bank (switzerland) Ltd.	Private Banking, Asset Management, Custody Services	Global (30+ Locations)

Did You Know? The Dubai International Financial Centre (DIFC) is home to over 550 financial institutions, making it a major financial hub globally.

Pro Tip: When evaluating investment partnerships, always consider the long-term stability and track record of each institution.

Company leaders reiterated that these partnerships are not merely symbolic but are instrumental in delivering tangible value to investors by leveraging the expertise and infrastructure of leading global financial institutions.This will ultimately improve the client experience and provide access to a greater array of sophisticated investment opportunities.

As ABK Capital continues its growth trajectory, the company remains committed to significant investments in talent acquisition, cutting-edge platforms, and strategic global partnerships, ensuring its sustained leadership in the evolving financial landscape throughout the GCC region and beyond.

The Evolving Landscape of Investment Partnerships

The trend of established financial institutions forging strategic partnerships is becoming increasingly common. This is driven by the desire to offer clients a broader range of services and access to specialized expertise. According to a recent report by McKinsey & Company, the “partnership economy” is reshaping the financial services industry, with collaborations projected to account for a significant portion of future revenue growth. These partnerships enable firms to rapidly scale their offerings and compete more effectively in a dynamic market.

Frequently Asked Questions about ABK Capital DIFC and LGT Bank

What is the primary goal of the ABK Capital DIFC and LGT Bank partnership?

the main goal is to expand investment services in the Middle East and beyond by combining ABK Capital’s regional expertise with LGT Bank’s global infrastructure and private banking capabilities.

What benefits will ABK capital DIFC clients recieve from this partnership?

Clients will gain access to LGT’s global investment platform,streamlined account management,and a wider range of exclusive investment products.

What is LGT Bank’s history and reputation?

LGT bank (switzerland) Ltd. has over 90 years of experience in private banking and asset management,managing over CHF 350 billion in assets,and is owned by the Princely Family of Liechtenstein.

How does this partnership impact ABK Capital’s overall strategy?

This partnership is integral to ABK Capital’s regional expansion strategy and its commitment to becoming a leading regional investment house.

What is the role of the dubai International Financial Centre (DIFC) in this collaboration?

The DIFC provides a strategic location for ABK Capital DIFC, offering access to a wider client base and a well-established financial infrastructure.

What are your thoughts on strategic partnerships in the financial services sector? Do you believe this move will substantially impact investment opportunities in the Middle East? Share your perspectives in the comments below!

How does this partnership aim to benefit investors in the UAE and the wider region, specifically regarding risk management and return generation?

Strategic Alliance for Enhanced Investment Reach

ABK Capital, a leading investment firm in the region, has announced a strategic partnership with LGT Bank, a global private banking and wealth management group. This collaboration, centered within the Dubai International Financial Center (DIFC), aims to substantially broaden regional investment opportunities for both firms’ clients.The partnership leverages LGT Bank’s extensive global network and ABK Capital’s deep understanding of the Middle East and North Africa (MENA) markets. This move signals a growing trend of international financial institutions recognizing the potential of the DIFC as a key hub for wealth management and investment.

Key Benefits of the Partnership

This alliance offers a multitude of benefits for investors and both ABK Capital and LGT Bank:

* Expanded Investment Universe: Clients gain access to a wider range of investment products and services, including option investments, private equity, and real estate opportunities previously unavailable.

* Enhanced Regional Expertise: LGT Bank benefits from ABK Capital’s on-the-ground knowledge of local markets, regulatory landscapes, and investment trends within the MENA region.

* Strengthened Client Relationships: Both firms can offer more extensive and tailored investment solutions to their existing client base.

* access to Global Networks: ABK Capital’s clients gain access to LGT Bank’s global network of experts and investment opportunities.

* DIFC Advantage: Operating within the DIFC provides a robust regulatory framework and a conducive habitat for international financial activity.

Focus areas for Investment

The partnership will initially focus on several key investment areas:

* Private Equity: Targeting high-growth companies in sectors like technology, healthcare, and consumer goods across the MENA region.

* Real Estate: identifying attractive investment opportunities in prime real estate developments within the UAE and broader GCC region.

* Fixed Income: Providing access to a diversified range of fixed income instruments, including sovereign bonds and corporate debt.

* Alternative Investments: Exploring opportunities in infrastructure projects, venture capital, and other alternative asset classes.

* Lasting Investing: Increasingly, both firms are prioritizing Environmental, Social, and Governance (ESG) factors in their investment decisions, aligning with global trends in responsible investing.

The Role of the DIFC

The Dubai International Financial Centre (DIFC) plays a crucial role in facilitating this partnership. The DIFC’s self-reliant legal and regulatory framework, coupled with its world-class infrastructure, makes it an ideal location for international financial institutions to establish and expand their operations.

* Regulatory Environment: the DIFC Authority (DFA) provides a clear and transparent regulatory environment, fostering investor confidence.

* tax Advantages: The DIFC offers attractive tax incentives, making it a competitive jurisdiction for wealth management and investment.

* Strategic Location: Dubai’s strategic location between East and West makes it a natural gateway for capital flows between global markets.

* Financial Infrastructure: The DIFC boasts a sophisticated financial infrastructure, including a dedicated stock exchange and clearinghouse.

ABK Capital’s Regional Expertise

ABK Capital has a long-standing track record of successful investments in the MENA region. The firm’s team of experienced investment professionals possesses deep local knowledge and a strong network of relationships.Their expertise spans various sectors, including:

* Financial Services: Investments in banks, insurance companies, and other financial institutions.

* Energy: Opportunities in the oil and gas, renewable energy, and petrochemicals sectors.

* Consumer Goods: Targeting companies that cater to the growing consumer base in the region.

* Technology: Investing in innovative technology companies with high growth potential.

LGT Bank’s Global Capabilities

LGT Bank brings to the partnership its extensive global network,wealth management expertise,and commitment to long-term client relationships. Key strengths include:

* Global Reach: LGT Bank operates in over 25 locations worldwide,providing access to a diverse range of investment opportunities.

* Wealth Management Expertise: The firm offers a comprehensive suite of wealth management services,including financial planning,investment management,and estate planning.

* Private Banking Services: LGT Bank provides personalized banking services to high-net-worth individuals and families.

* Research Capabilities: The firm’s dedicated research team provides in-depth analysis of global markets and investment trends.

Implications for Investors in the UAE and Beyond

This partnership is expected to have a positive impact on investors in the UAE and across the broader region. By combining ABK Capital’s local expertise with LGT Bank’s global capabilities,the alliance can offer more sophisticated and diversified investment solutions. This is especially relevant in the current economic climate, where investors are seeking opportunities to generate attractive returns while managing risk. The focus on sustainable investing also aligns with the growing demand for responsible investment strategies. The collaboration is a testament to the increasing attractiveness of the DIFC as a global financial hub and a key driver of economic growth in the region.