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Bank Muscat Private Banking redefines wealth management solutions

​MUSCAT, 22 October 2016 – Bank Muscat, the flagship financial services provider in the Sultanate, has taken private banking to new levels offering end-to-end wealth management solutions by identifying global opportunities, providing prudent investments and implementing insightful strategies to deliver global expertise to high net worth clients.

Committed to preserve, secure and grow wealth, Bank Muscat Private offers an exceptional breadth and depth of wealth management solutions and investment options across geographies and asset classes, directly as well as through tie-ups with global partners of repute.

Abdulnasir Al Raisi, DGM – Premier Banking, said: “With global financial expertise and experience, the bank's team of wealth experts serve as trusted advisors to help develop investment solutions that are 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 a distinct banking experience."

Dedicated wealth advisors work closely with each Bank Muscat Private client to evaluate personal financial objectives. The process begins by outlining goals and shortlisting innovative instruments to achieve the best long-term growth on assets. Right through the various phases of the journey through wealth, the bank ensures that innovative strategies accommodate the changing needs of clients.

Bank Muscat Private provides a wide range of wealth management solutions, including investment, wealth structuring, advisory and banking across multiple jurisdictions around the globe and diverse asset classes. The wealth management strategy is built on the key pillars of relationship focus, a wide array of investment products and niche banking services.

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.

Structured investment solutions are customised as per each client's personalised needs using a diverse set of asset classes, spread across mutual funds, equities, commodities and real estate, as per client's specific requirements and risk profile.

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 services.

For discretionary portfolio management services, wealth advisors work with clients to define a wealth management model that respects individual risk profile while a dedicated portfolio manager delivers a tailor-made solution for regional and global markets.

The Private Banking services include conventional accounts, term deposits, currency exchange, domestic and international transfers, online banking and regular asset monitoring. Bank Muscat Private clients have access to exclusive credit card, debit card and cheque books. Luxury car and yacht finance is also available exclusively for Private clients who are also eligible for competitive rates for deposits, loans and foreign exchange.

Private banking clients enjoy 1 per cent cash back rewards on all transactions made through Private Banking Visa Infinite credit card. The card also facilitates exclusive Harrods Black Card membership and Hilton Honors Gold Membership, and an unlimited access to 500+ airport lounges globally, multi-trip travel insurance and 24 hours concierge service.

Committed to enhancing banking services to its top-end clients, the bank's strategy focuses on differentiated and specialised banking experience, distinguishing Private Banking clients from competitors.

The exclusive rewards and benefits lined up for Private Banking customers include the high value al Mazyona monthly, quarterly and year-end prizes. The bank understands customer expectations as al Mazyona 2016 scheme offering RO 10 million in prize money is an incredible incentive for maintaining a healthy savings habit.

Private Banking customers are eligible to participate in all al Mazyona prize draws.