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Bahrain - TAKAUD, the specialist savings, investment and pensions provider for the MENA region has reached a major milestone for its business with the launch of a new Wealth Management Services.
The launch event was recently held at the Crowne Plaza in Bahrain andwas hosted by Mr. Samer Khanachet, Chairman of TAKAUD - Group Chief Operating Officer of KIPCO and Mr. Luc Metivier, Chief Executive Officer of TAKAUD. 100guests attended the reception including key members from government entities, financial institutions, major companies, media and clients,as well as members of TAKAUD'sBoard and staff.
TAKAUD's new Wealth Management services were created specifically to provide discerning clients withcustomized Mutual Funds investment services and bespoke investment portfolios. TAKAUD's approach to wealth management fuses the discipline of industry-leading financial planning practices from developed markets with regional cultural knowledge and investment expertise to provide a best-in-class solution.
TAKAUD Wealth Management addresses a real market need byHigh-Net-Worth Individuals (HNWIs) and affluent customers in the region, who currentlyrely on either expensive Western market providers for services, or are underserved by private banks, which oftenimpose too high a minimum investment amount for individual investors.
As a result,many business executives, SME owners, businessmen and affluent families are currently investing their savings in low interest bank deposit accounts and other less than optimal solutions. TAKAUD's new services offers these clients a compelling alternative, offering them the world's best mutual funds, at a very competitive price, and with a high level and modern customer service, which results in delivering optimal results towards achieving their financial goals.
For clients with significant investable assets, TAKAUD Wealth Managementalso offers bespoke discretionary portfolios.
On opening the reception, Mr. Samer Khanachet said:
"As a business, we continue to grow and expand our offerings and capabilities to ensure that we provide our clients with a comprehensive range of investment and saving solutions, which cater to every need. I am delighted therefore to announce the launch of our new Wealth Management services, a major milestone for our business. This new servicecapitalizes on our access to significant global and regional investment expertise and offers our High Net Worth and affluent clients affordable yet bespoke wealth management solutions."
Mr Luc Metivier commented:
"TAKAUD's affordable wealth management platform provides a unique solution to a significant target market of business people and affluent clients. In offering our new solution, we wanted to ensure that our wealth management clients areempowered with a differentiated productthat caters to the differing needs, financial situations and styles of our investment clients. This is another example of how TAKAUD is achieving its goal to be the region's 'go to' provider of savings, pensions and wealth managementsolutions".
The globally respected international mutual funds provided by TAKAUD include Black Rock, BNP Paribas, Dexia, Robeco, Franklin Templeton, PIMCO, Pictet, and Schroder amongst others.
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About TAKAUD Savings and Pensions B.S.C (c)
TAKAUD Savings and Pensions B.S.C. (c)
(Category 1) by the Central Bank of Bahrain (CBB) is a closed joint stock company incorporated in the Kingdom of Bahrain, licensed as an Investment Business Firm.
TAKAUD provides long term saving and pension solutions to individuals and corporations in the local and expatriate communities across the MENA region.
TAKAUD is 50% owned by Kuwait Projects Company (Holding) K.S.C. (c) (KIPCO) and 50% by United Gulf Bank, a member of the KIPCO Group.
The KIPCO Group is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 31.3 billion as at 31 December, 2014. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group's main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.
TAKAUD Savings and Pensions B.S.C. (c),
UGB Tower 7th Floor | Diplomatic Area |P.O Box 65167| Manama| Kingdom of Bahrain
Office: (+973) 17511611
Email: info@takaud.com
www.takaud.com
© Press Release 2015
