From left to right: Sherif ElRafie, CEO of ABK Capital, and Abdulaziz Jawad, chairman of ABK Capital–Kuwait/Image: Supplied (edited)
ABK Capital DIFC, the newly formed subsidiary of ABK Capital at the Dubai International Financial Centre (DIFC), has revealed its initiation of various “preferred business partnerships” with prominent international entities, including LGT Bank (Switzerland) Ltd. This initiative represents an extension of ABK Capital’s efforts to forge strategic partnerships with top global organizations such as Blackstone and BlackRock, highlighting a crucial step in its goal to provide clients with access to esteemed financial institutions, cutting-edge investment solutions, and Swiss private banking expertise.
Collaboration with LGT Bank (Switzerland) Ltd
LGT Bank (Switzerland) Ltd., which is part of the LGT Group, stands as a key player in international private banking and asset management. Fully owned by the Liechtenstein Princely Family for over nine decades, LGT manages assets exceeding CHF350 billion and operates in more than 30 locations worldwide. This collaboration allows clients of ABK Capital DIFC to utilize LGT’s custody services, global infrastructure, and superior product offerings. Under this agreement, ABK Capital DIFC will handle investment accounts for clients that are custodized with participating banks, providing a wider array of global investment opportunities.
Dr. Abdulaziz Jawad, the chairman of ABK Capital–Kuwait, stated: “The launch of ABK Capital DIFC marks a foundational element of our strategy for regional expansion. It places us in a prominent international financial hub, thereby enabling us to cater to a wider client demographic across new jurisdictions and financial centers. This platform empowers us to offer our clients a range of innovative investment solutions tailored to their shifting demands.”
He elaborated: “This collaboration will enhance our customer offerings both qualitatively and quantitatively by improving our suite of products and services and expanding the scope of client needs that ABK Capital DIFC can fulfill. Our dedication to transforming ABK Capital into a prominent regional investment firm is reflected in our ongoing efforts to broaden our influence and create client-focused solutions that adhere to the highest standards of professionalism and performance. Our alliances with prestigious entities like LGT Bank (Switzerland) Ltd, Blackstone, and BlackRock affirm this vision.”
Sherif ElRafie, CEO of ABK Capital, remarked: “Our partnerships, including the collaboration with LGT Bank (Switzerland) Ltd through our subsidiary, resonate with our aim to deliver premium investment services and global outreach to our clientele.”
He concluded: “These alliances will enable our subsidiary, ABK Capital DIFC, to enhance its investment management and advisory capabilities, leveraging our partners’ extensive global presence. This is a pivotal move in our strategy to elevate our value offering by granting clients access to top international managers and innovative investment solutions.”
Reinforcing Regional Growth Strategy
The launch of ABK Capital DIFC emphasizes the firm’s overarching growth ambitions, which focus on innovation, global partnerships, and enhancing investment management competencies within the region. Through investments in talent, platforms, and strategic alliances, ABK Capital seeks to provide distinguished, high-quality investment solutions and improve the overall client experience.
This initiative also embodies the group’s vision to create an integrated solutions platform that meets a diverse spectrum of investor requirements and risk profiles, ensuring that clients can leverage the expertise and offerings of world-class partners globally.