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Takaud launches wealth management services

MANAMA, May 24, 2015

Bahrain-based Takaud, a specialist savings, investment and pensions provider for the Mena region has reached a major milestone for its business with the launch of its new wealth management services.

The launch event was recently held at the Crowne Plaza in Bahrain and was hosted by Samer Khanachet, chairman of Takaud - Group chief operating officer of Kipco and Luc Metivier, Chief executive officer of Takaud.

Takaud’s new wealth management services were created specifically to provide discerning clients with customized 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, a  statement said.

Takaud Wealth Management addresses a real market need by High-Net-Worth Individuals (HNWIs) and affluent customers in the region, who currently rely on either expensive Western market providers for services, or are underserved by private banks, which often impose 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, the statement said.

For clients with significant investable assets, Takaud Wealth Management also offers bespoke discretionary portfolios.

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 service capitalizes 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.”

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,” he added. - TradeArabia News Service




Tags: Bahrain | wealth management | Takaud |

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