Gulf International Bank Group (GIB Group) and Stanhope Capital Group have collaborated to offer wealth advisory services within the Gulf Cooperation Council (GCC) region.

This partnership is designed to provide institutional and qualified private clients with a comprehensive range of services, including advisory, outsourced chief investment officer (OCIO), and discretionary wealth management.

This agreement will broaden GIB Group’s existing offerings, which include commercial banking, retail services, treasury services, asset management, investment banking, and Sharia-compliant banking solutions.

The alliance enables the group to expand its value-added services by incorporating both local and global wealth management solutions.

It brings together a regional bank and a global wealth advisory firm, offering a model that combines local expertise with international wealth management services.

The focus will also be on developing local skillsets.

For Stanhope Capital, this partnership represents a strategic opportunity to strengthen its presence in the GCC region.

By utilising GIB Group’s established regional presence, the firm will be able to tap into a wider pool of clients, capitalising on GIB’s local expertise and extensive network to expand its reach further within the region.

The new investment platform will offer clients access to a wide array of global asset classes, including equities, fixed income, hedge funds, private equity, and real estate.

It will also feature a strong emphasis on Sharia-compliant products, meeting the region’s specific needs.

The platform’s core offerings will include alternative investments, providing access to “top-quartile” buyout and venture capital managers.

GIB B.S.C CEO Sara Abdulhadi said: “This agreement is a significant step forward in the GIB Group’s strategy to expand and diversify our offerings, with asset and wealth management as a key pillar of our growth.

“By leveraging our deep regional presence and trusted client relationships, alongside Stanhope Capital’s global investment expertise and strong performance track record, we are creating a compelling wealth advisory proposition tailored for institutional and private clients in the GCC.

“The increasing demand for sophisticated investment solutions requires a partner that understands both local and international markets. Through this collaboration, we are well-positioned to provide our clients with a comprehensive, world-class investment platform that aligns with their evolving financial goals.”