MUSCAT, 02 February 2019
Bank Muscat Private, the Sultanate’s premier banking service targeted at exclusive high net-worth individual customers, has won the prestigious Best Private Bank in Oman award jointly hosted by the Professional Wealth Management and The Banker. The PWM and The Banker award presented for the second year in running recognised the bank’s unmatched Private Banking offerings providing an exceptional breadth and depth of wealth management solutions.
Bank Muscat Private is the Sultanate’s premier end-to-end wealth management solutions provider to high net worth clients. The investment offerings cover global markets and all asset classes, through a robust execution platform administered by experienced and dedicated Relationship Managers. For over 17 years, reaching out to high net-worth and ultra-high net-worth individual segments, the high-end lifestyle benefits and banking facilities available to Private banking clients are unmatched in the Sultanate.
Abdulnasir Al Raisi, DGM – Premier Banking, said: “Time and again, the performance of Bank Muscat Private banking is lauded by the global banking community and we are delighted to receive yet another endorsement from the PWM and The Banker reflecting the consistency of performance and innovative strategies pursued by the bank to stretch operational excellence. The global accolade highlights the standards of professionalism achieved by the bank conforming to international norms, standards and practices.”
Bank Muscat offers Private banking clients a complete suite of investment options in global asset classes through its wealth management platform and tie up with international counter parties. The range of solutions offered to clients includes equity investments across global markets, global ETFs and global mutual funds; global bond trading, Omani fixed income issuance, global mutual funds ETFs; private equity funds, real estate funds and commodity ETFs; offshore banking and portfolio management through reputed global counterparties.
The Private banking services also include conventional accounts, term deposits, currency exchange, domestic and international transfers, online banking and regular asset monitoring. Exclusive Private banking VISA Infinite credit card, VISA Platinum debit card, luxury car finance and yacht finance are available for Private clients along with competitive rates for deposits, loans and foreign exchange.
Private banking clients enjoy 1% cash back rewards on all transactions made through Private Visa Infinite credit card. The card also facilitates exclusive Hilton Honors Gold Membership, unlimited access to 1,000+ airport lounges globally, complimentary chauffeur service to and from Muscat International Airport, collection of over 900 luxury hotels around the world, multi-trip travel insurance and Global Concierge Service.
The additional rewards and benefits for Private clients include high value al Mazyona prizes. Private customers are eligible to participate in all al Mazyona prize draws offering RO 10 million in prize money. With global financial expertise and experience, the bank’s team of wealth experts serve as trusted advisors to provide investment solutions tailored to meet the present and future needs of clients. The strategy reflects the bank’s commitment to expand innovative services to Premier banking clients and provide an exclusive banking experience.
Wealth management is a key focus area as the personalised needs, aspirations and goals of Private banking clients are fulfilled. Dedicated wealth advisors work closely with Bank Muscat Private clients to evaluate their personal financial objectives. The process begins by outlining goals and shortlisting innovative instruments to achieve the best long-term growth on assets. Through the various phases of wealth management journey, the bank ensures that innovative strategies are in place to accommodate the changing needs of clients.
The global reach offers Private banking clients the advantage of investing in different geographies and across different asset classes like mutual funds, equity, fixed income, real estate and commodities. Dedicated experts analyse the list of identified investments in detail and monitor activity in each asset class and sector. The referral services offered by Bank Muscat Private stem from tie-ups with global partners of repute for offshore banking, direct real estate and insurance products.
The exclusive Private banking branch with customer lounges allow clients to enjoy privacy in banking transactions. Dedicated relationship managers serve as the single point of contact for all customer requirements. The ‘Go Digital’ initiatives with the mobile banking app ensures customers can conveniently do transactions on their mobile phones.
Reflecting the customer-centric ‘To serve you better, every day’ vision of the bank, the best of banking and lifestyle solutions enrich the Private banking experience. The Private Banking proposition is constantly enhanced to offer a world class service as the bank is focused on improving customer experience by offering banking and lifestyle solutions adapted in tune with the changing customer needs and use of technology for efficient and seamless experience.