NBK to launch NBK Wealth for wealth management solutions

The National Bank of Kuwait (NBK) announced on Sunday the launch of NBK Wealth brand, designed to deliver innovative solutions and sophisticated services in asset management.  This includes investment management, alternative investments, traditional investments, and trading solutions.

NBK Wealth, which will officially launch next April, encompasses a range of services and products under its umbrella. This includes the private banking services of NBK – Kuwait, Watani Investment Company, Watani Wealth Management Company (Saudi Arabia), NBK Banque Privée (Suisse), in addition to the National Bank of Kuwait (International) PLC and Watani Financial Brokerage Company (WFBC).

The new brand will offer a wide range of all-inclusive private banking services, including financial planning, wealth management, investment management, and advisory services, which operates through a large global network that covers nine cities in five countries worldwide. 

The Group, with personal financial assets of around $37.6 billion at the end of 2023, relies on a top-tier team of over 100 experienced investment professionals and traders. 

NBK Wealth targets a sophisticated group of ultra-high-net-worth individuals and institutions interested in enhancing their financial wellness, it provides financial consulting services to help them grow and maintain their wealth through comprehensive investment and banking solutions. 

It benefits from a large network of specialised investment professionals, skilled asset management experts, and valuable partnerships with JP Morgan Asset Management and Intervest. These collaborations enhance various aspects, including advisory services and the creation of new investment solutions.