Gulf Capital Investment Company “InvestGB,” the wholly-owned investment arm of Gulf Bank, is pleased to announce a strategic partnership with Avaloq, a global leader in private banking, wealth, and investment management technology services. This partnership marks a significant step in enhancing InvestGB’s wealth and investment management capabilities, delivering a streamlined and state-of-the-art client experience.

As part of this partnership, InvestGB will implement Avaloq’s advanced platform, hosted on the cloud, which will transform the company’s core wealth management system. This platform will consolidate all of InvestGB’s systems and data into a unified infrastructure, enabling better service for both InvestGB’s and Gulf Bank’s clients. With the integration of Avaloq’s cutting-edge adaptor technology and Community APIs, InvestGB will seamlessly integrate third-party services and applications, enhancing the company’s growth potential.

Avaloq brings an array of enhanced benefits for InvestGB’s clients, including intuitive visualization of investment portfolios, greater transparency around fees, advanced self-service features and the latest in authentication standards for secure access. Avaloq’s flexible customization options will allow InvestGB to provide a user interface tailored specifically to both private and corporate banking clients, featuring custom dashboards and functionality designed for ease of use.

Avaloq’s platform will enable InvestGB to automate and standardize processes across front, middle, and back-office operations. With dedicated modules for investment advisory, fund administration, portfolio management, and corporate actions, InvestGB will streamline its services for greater efficiency. The platform’s built-in automation will also enhance accuracy and straight-through processing (STP) capabilities, leading to improved operational efficiency.

Furthermore, InvestGB’s regulatory and compliance checks, including robust Know Your Client (KYC) processes, will be fully integrated into the platform, reinforcing the company’s risk management framework.

Relationship managers will benefit from Avaloq’s RM Workplace solution, which consolidates client data into a single view. This solution will automate tasks such as client onboarding, portfolio rebalancing, and investment proposal creation, allowing relationship managers to focus on personalized client communication and advice.

Hani AlAwadhi, Chief Executive Officer at InvestGB, stated: “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, added: “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.”