Guaranteeing convenience to a wider base of high-net-worth customers

Kuwait, 7 May 2024: Burgan Bank announced that its Private Banking and Wealth Management services and products are now available at Al-Shaheed branch, enabling all high-net-worth individuals (HNWIs) to access the exclusive suite of tailored solutions at more locations with ease and convenience across Kuwait. This comes as part of the Bank’s expansive strategy and ongoing efforts to elevate its overall banking journey for clients.

“Convenience and limitless accessibility are the hallmarks of an elevated banking experience,” Mr. Meshari Abduljalil Shehab, General Manager – Private Banking and Wealth Management at Burgan Bank stated, commenting on the latest expansion of the Private Banking network. “That is why we are working on continuously expanding our Private Banking and Wealth Management services, online and offline banking touchpoints, and our network of branches that specifically cater to the sophisticated needs of our high-net-worth clients. Our ability to provide exclusivity to clients has expanded tremendously in the past few months, and we are on track to continue offering them even better accessibility, increased exclusivity, and a constantly elevated private banking experience. To this end, our Private Banking and Wealth Management services will soon be available at more branches across the Burgan Bank network.”

On another note, Mr. Shehab clarified that HNWIs can contact Burgan’s Relationship Managers through direct channels and online banking.

This year alone, Burgan Bank succeeded in acquiring several licenses from the Capital Markets Authority (CMA) to add more services to its Private Banking and Wealth Management platform, including licenses for custodians, investment advisory, portfolio management, and unregistered securities brokers. In addition, the Bank expanded its team of CMA-registered investment advisors and Relationship Managers who are dedicated to advise and plan investment strategies that suit clients’ risk appetite and liquidity requirements.

Burgan Bank’s Private Banking remains a top-tier, full-service wealth management offering in Kuwait, serving high-net-worth customers; offering them a next-level of Private Banking service and advising them on their wealth management planning.