Gulf Capital Investment “InvestGB” has entered into a strategic partnership with Avaloq.
This collaboration aims to enhance InvestGB’s client service capabilities and transform its core wealth management system.
The primary goal of this partnership is to leverage Avaloq’s innovative technology to streamline and upgrade InvestGB’s wealth and investment management processes. By integrating Avaloq’s advanced cloud-based platform, InvestGB will consolidate its various systems and data into a unified infrastructure, significantly improving service delivery for both its own and Gulf Bank’s clientele.
Avaloq is set to enhance the wealth management experience for InvestGB’s clients by providing intuitive investment portfolio visualizations, increased fee transparency, advanced self-service options, and the latest security authentication standards. Customization of the user interface will cater specifically to the needs of both private and corporate banking clients, offering tailored dashboards and functionality.
InvestGB will utilize Avaloq’s platform to automate and standardize operations across its front, middle, and back-office functions. The platform will also support investment advisory, fund administration, portfolio management, and corporate actions, streamlining these services for enhanced efficiency and accuracy.
The integration extends to regulatory and compliance frameworks, with robust KYC processes being incorporated to strengthen InvestGB’s risk management. Relationship managers at InvestGB will benefit from Avaloq’s RM Workplace solution, which provides a consolidated view of client data, automates key processes like client onboarding and portfolio rebalancing, and facilitates personalized client communication and advice.
Hani AlAwadhi, chief executive officer at InvestGB, emphasized the strategic significance of the partnership: “Our partnership with Avaloq demonstrates our unwavering commitment to innovation and delivering long-term value for our clients. By leveraging Avaloq’s cutting-edge technology, we are advancing the digital transformation of our wealth management services, driving growth through innovation, and positioning ourselves to better serve the evolving needs of high-net-worth individuals and corporate clients.”
Akash Anand, regional director and head of the Middle East and Africa at Avaloq, also commented on the collaboration: “We are honoured to welcome InvestGB as our first client in Kuwait. This partnership highlights Avaloq’s deep expertise and commitment to delivering exceptional value in the wealth management industry. We look forward to supporting InvestGB in transforming the region’s private banking and wealth management sector.”
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