Ahli United Bank, has teamed up with Russell Investment Group (Russell), to bring world-class multi-manager services to pan-Gulf private banking clients.
"The pan-gulf region has been experiencing a meteoric rise of asset prices," said Fawaz Baba, Group Deputy CEO, Private Banking and Wealth Management of Ahli United Bank. "While many private banking clients have reaped handsome reward from investment in the region, the savvy investors are beginning to reassess the level of risk inherent in their portfolios, particularly with regard to concentration of exposure to particular markets and/or sectors."
The new Ahli United Bank Multi-Manager Service, from AUB Private Banking, gives access to investment opportunities from all regions of the world, across all sectors and asset classes to enable private banking clients in Bahrain to build a core investment portfolio that complements their regional investments.
Ahli United Bank Multi-Manager Service uses approximately 50 of the best investment firms, hand-picked by Russell. The investment managers in Ahli United Bank Multi-Manager Service include both world-renowned brands and smaller boutiques whose products are not widely available to private investors.
To cater for different investor attitudes towards risk, the Ahli United Bank Multi- Manager Service is a flexible plan that aims to match investor requirements to a particular portfolio. This allows customers to invest with confidence that they are investing in a portfolio suited to their own needs. Portfolios are not only well diversified geographically, but also by asset class and investment style, in a bid to meet customer requirements and expectations.
"As part of our on-going effort to act as a 'multifaceted financial bridge' between the international financial market and its Gulf clients, Ahli United Bank is delighted to bring an investment partner of the highest caliber to our clients, and formally launch our partnership with Russell Investment Group," said Baba. "Russell is a perfect match for our requirements, and enables us to bring to our clients an institutional quality investment solution which is used by some of the world's largest and most successful investors."
The Ahli United Bank Multi- Manager Service benefits customers by taking into consideration the term they wish to invest for, the returns they desire from the investment, their appetite for risk and their personal circumstances. The multi-manager investment option is a truly personal customised investment opportunity that utilises specialists in their respective fields to provide forward-looking investment advice.
"We are very excited to be working with Ahli United Bank in the Bahrain market," said Jon Bailie, Managing Director, Partnerships and Distribution Alliances, Russell. "AUB has demonstrated a clear commitment to its private banking business, seeking out dynamic solutions that can be tailored to each client's investment needs. This professional and refreshing approach was a key element in Russell choosing to work with Ahli United Bank.".
Through the Ahli United Bank Multi-Manager Service, AUB customers will gain access to some of the best fund management talent in the world. Once carefully selected, Russell then rigorously monitors the managers and implements the individual investment strategies and, when necessary, changes of management teams.
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