Kuwait, 6 February 2024: On its mission to expand the scope of its banking and financial services, Burgan Bank announced that the Central Markets Authority (CMA) has granted it several new licenses that allow the Bank to offer its high-net-worth individuals (HNWIs) a new suite of Private Banking and Wealth Management services and products. By acquiring the CMA-issued licenses for custodian, investment advisory, portfolio management, and unregistered securities broker, Burgan Bank reinforces its commitment to serving its high-net-worth customers and fulfilling their financial, banking, and investment aspirations, in partnership with KAMCO Invest. 
Commenting on Burgan’s latest development, Mrs. Dalia Mohammad Qasem, Assistant General Manager – Private Banking and Wealth Management at Burgan Bank, said: “As a trusted financial partner to our customers, we are always on a mission to offer them a wider and better range of financial services and products that respond to their needs and aspirations and that adhere to the highest international banking standards. With the CMA licenses, we are delighted to continue expanding our scope of offerings to include investment advisory and wealth management services that are tailored to each customer’s aspirations and financial needs.”
“For many of our high-net-worth customers, Private Banking and Wealth Management services are essential to their success in achieving their diverse financial goals and realizing their aspirations,” added Mrs. Qasem. “In a bid to uphold the same level of commitment to our role as a trusted financial partner, our highly trained, CMA-registered investment advisors and relationship managers are dedicated to tailoring investment plans that are suited to each HNWI’s portfolio, liquidity requirements, and capacity for risk.”
On her part, Ms. Nour Abdulaziz Al Baghli, Assistant General Manager – Private Banking and Wealth Management at Burgan Bank, said: “Available to customers whose accounts hold a minimum of KD 300,000, Burgan’s Private Banking offers a suite of remarkable benefits that include access to concierge and special privileges, a dedicated relationship manager to fulfill their requests and inquiries, as well as a wide range of deposit products and exclusive cards. Adding to the Private Banking benefits, customers have the option to make transactions via phone or email, in addition to lending against Investments, properties, and deposits.”
Ms. Al Baghli added: “As part of Burgan Bank’s adherence to excellence and human capital development, it remains committed to offering its Private Banking relationship managers top-notch training workshops, conducted by market-leading national and international coaches. Through consistent development, Burgan ensures that all relationship managers are equipped with comprehensive knowledge of investment approaches and business tactics to efficiently guide and advise customers.”
It serves to note that Burgan Bank has long considered investments as a tenet of successful banking for all customers, to which end it has developed and innovated numerous savings and investment products and services to multiple segments of the market. With the expansion of Burgan’s Private Banking and Wealth Management services, the Bank is set to establish new grounds for domestic banking success.