Paving the path for generational succession
October 7, 2016: With almost two decades of experience and expertise, Kuwait-based KAMCO Investment Company’s Wealth Management Team has developed a comprehensive and consistent understanding of client expectations. The team effectively utilise their resources to deliver superior custom-made products and services that help clients reach their investment goals. By consistently focusing on providing valued clients with strategic guidance and advice on investment opportunities, the Wealth Management Team builds trust and long lasting client relationships that expand the company’s distribution channels locally and regionally.
There are some hovering concerns regarding market volatility, which arose after the 2008-2009 financial crisis. Despite these challenges, the demand for professionally tailored advice is present in the market, primarily focusing on client-centric solutions and custom effective strategies, which will contribute towards clients reaching their investment objectives and goals. KAMCO’s advisors are trained in creating customised investment portfolios to address the client’s unique sets of concerns and goals, along with providing necessary adjustments to investment strategies based on changing circumstances and market volatility.
The Wealth Management Department offers an array of personalised services to satisfy client needs while bringing them a step closer towards fulfilling their investment needs and overall goals. The services offered include customised products, insight on the latest market trend analysis with research-based solutions, monthly portfolio reporting and supporting clients with access to international third party investments. The Wealth Management Team serves a wide client base comprising high net worth and ultra-high net worth clients, family offices, corporates and institutions, government and semi-government institutions, as well as GCC banks and financial institutions.
The Wealth Management Team has successfully closed several major transactions that include Burgan Bank Tier II Subordinated KD Bond Issue, US based Real Estate acquisitions, Kuwait Finance House Turkey USD Sukuk Issue, Gulf Bank Tier II Bond Issue, and other transactions during 2015 and 2016. The team also played an active and crucial role in successfully executing the National Bank of Kuwait S.A.K.P.’s (NBK) KD 125 million, 10NC5, Subordinated Tier II, Basel II Compliant Bond Issue, which is considered the largest of its size in the history of Kuwait.
Despite challenging economic conditions, the KAMCO team successfully raised capital and assisted clients achieve their investment targets.
Future outlook
Looking ahead, KAMCO gazes at 2016-17 with optimism and a renewed faith in its abilities to generate superior returns for clients despite expected difficult market conditions. There is a need to come up with newer value propositions and deliver investment models and strategies to serve the specific needs of a new generation of clients. The company is addressing these issues through an Open Architectural Platform by providing complete customised portfolio/asset allocation solution to clients and giving them access to global markets through various asset classes. Another tool examined by the company is the International Real Estate Opportunities, which focuses on North America and Europe as its core markets with attractive cash yields.
Following local economy trends, family offices have been playing a crucial role in the market, with a primary focus on appropriately and comprehensively paving the path for generational succession. Viewed as the backbone of the economy, family businesses have been a prime market segment served by the Wealth Management Team. Implementing a sustainable and progressive business strategy will present family businesses with the opportunity for future growth, security and the development of inherent synergies between capital and management. The Wealth Management Team is keen in providing family businesses with a diverse secondary income stream to elevate their net worth through expert advisory services, portfolio management and research based advice.