Takaud, a Bahrain-based specialist savings, investment and pensions provider for the MENA region, has introduced new wealth management services.

The new services are particularly designed with the intention of offering discerning clients access to customised mutual funds investment services as well as bespoke investment portfolios.

The services, which will be offered at a competitive price, aims to address the needs of the region’s high-net-worth individuals and affluent customers who currently depend on expensive Western market providers for services, or are underserved by private banks.

Commenting on the new services, Takaud CEO Luc Metivier said: "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 are empowered with a differentiated product that 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 management solutions."

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By GlobalData

Moreover, the wealth management services will deliver bespoke discretionary portfolios for clients with significant investable assets.