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Bank Muscat asalah Priority Banking adds Wealth Management Services

MUSCAT, 8 October 2017 - Bank Muscat, the flagship financial services provider in the Sultanate, as part of its commitment to providing a differentiated and specialized banking experience, has introduced access to the bank’s wealth management platform for asalah Priority Banking segment. The innovative investment products provide suitable wealth management solutions across various asset classes as per client requirements.

Abdulnasir Al Raisi, DGM – Premier Banking, said: “Committed to preserve, secure and grow wealth, asalah Wealth Management offers an exceptional breadth and depth of solutions and investment options across different asset classes, directly as well as through tie-ups with partners of repute. With in-house expertise, dedicated relationship managers help clients with investment solutions tailored to meet their present and future needs. Investment solutions are customized across diverse set of asset classes, as per specific requirements and risk profile of clients. The strategy reflects the bank’s commitment to expand innovative services to asalah customers and provide a unique banking experience.”

Dedicated relationship managers work closely with product specialists to evaluate and assist asalah clients in line with their financial objectives. The process begins by outlining goals, risk profile of clients and then shortlisting instruments to achieve the best medium-term and long-term growth from investment options available to clients. The wealth management strategy is built on the key pillars of relationship, wide array of investment products and niche banking services.

Bank Muscat’s strong brand, in-house expertise in asset management and tie-ups with renowned third parties provide asalah Priority Banking clients the advantage of investing across different asset classes like mutual funds, equity, fixed income, real estate and commodities. Dedicated in-house experts analyse preferred investments in detail and monitor activity in each asset class and sector.

Bank Muscat offers top notch third party mutual funds for asalah clients to diversify their investment portfolios. The bank has tied up with some of the best and largest fund houses in the word. The key benefits of mutual funds offered by Bank Muscat include professional management. Bank Muscat relationship managers help clients select mutual funds offered and managed by world class fund houses. The performance of funds are regularly monitored by Bank Muscat’s wealth management team and clients can take informed investment decisions after discussions with their relationship managers. Investment diversification helps customers to reduce risk by investing in a range of products. With ample liquidity, investors can easily redeem mutual funds any time.

As wealth management is becoming more sophisticated and global in its requirements, the asalah Priority Banking team constantly endeavours to remain a cut above competitors. 

Forming a strong franchise that distinguishes it from competitors, asalah Priority Banking meets the requirements of the rapidly growing customer segment with focus on Recognition, Rewards and Solutions which have set a benchmark for personal and relationship based banking in Oman.