Matthew Welch, general manager for wealth management at Kuwait Finance House (KFH), has said that reinforcing the bank’s private banking and wealth management service is a key pillar of the restructuring and transformation plan that the bank is presently implementing.
This plan aims at maximizing the bank’s capabilities to improve customer service and achieve better profits.
Matthew noted the rising competition in the high net worth segment and that clients are increasingly discerning in selecting the institution with whom they choose to invest.
He added that KFH has a very strong brand, a presence in markets of growing investor interest such as Turkey and Malaysia, plus strong product expertise in a number of key sectors, notably real estate.
He explained that KFH is keen on harnessing the investment capabilities of the wider KFH group to bring new opportunities and investment ideas for the benefit of the bank’s high net worth client base.
In addition, he noted that clients now expect increased access to investment advisory and discretionary management services to help them navigate the present volatile market conditions.
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By GlobalDataPrior to joining KFH, Matthew spent 28 years as an international manager with HSBC, working in many different countries, including Bahrain, Dubai and Saudi Arabia within the GCC.