Gulf Bank provides tailored services and products for high net-worth clients and for clients looking for distinctive banking services

• Sattam Al Marzouq: Gulf Bank has become one of the pioneers in providing investment alternatives in Kuwaiti Dinars that exceed deposit returns.

Gulf Bank has become one of the pioneers in providing investment alternatives in dinars that exceed deposit returns

As part of its continuous efforts to provide tailored services and distinctive products to its various consumer segments, Gulf Bank is providing an array of unique products to its Wealth Management clients. The new products are tailored to the clients’ needs and lifestyles and are designed with the requirements of high net-worth individuals in mind.

On this occasion, the newly appointed Assistant General Manager of Consumer Banking - Wealth Management, Sattam AlMarzouq, said, "In keeping with Gulf Bank's strategy for the year 2025, Gulf Bank’s Wealth Management division is continuing to provide private and distinguished banking services to its customers. In return, these services contribute towards consolidating the relationship between the Bank and its customers, and the ongoing surveying and studying of the clients’ banking needs and requirements.”

AlMarzouq indicated that Gulf Bank has dedicated one of its latest branches at Crystal Tower in service of its Wealth Management clientele; as part of its commitment to fulfilling the segment’s unique banking requirements. The branch exclusively caters to Gulf Bank’s Wealth Management clients and boasts a distinctive modern design – equipped with state-of-the-art technology that is designed to provide a seamless banking experience. AlMarzouq added, “We look forward to further meeting our Wealth Management clients’ needs and to offer them with more opportunities to conduct their banking requirements in an easy and swift manner.”

He noted that Private Wealth Management clients have personal account managers who are in charge of managing their clients’ banking needs, who provide them with financial and investment solutions designed to achieve their clients’ goals and preserve their wealth. Account managers are in regular communication with their clients and are always ready to meet with them to discuss the status of their financial goals. Clients can also obtain credit cards (Visa Infinite or MasterCard World) that grant them comprehensive travel and accident insurance, access to airport lounges, Dine & Fly services, restaurant discounts and local concierge services, in addition to being enrolled into the Gulf Points program, and many more.

It is worth noting that Gulf Bank’s Wealth Management division was established in 2010 to meet the unique needs and requirements of Gulf Bank’s Wealth Management clients. Over the last decade, the division has witnessed exceptional development and has offered its client segment an array of tailored services.

Al-Marzouq mentioned that Gulf Bank has become one of the pioneers in Kuwait in providing investment alternatives in Kuwaiti Dinars, that exceed the returns of deposits, pointing to the Bank's success in being part of marketing the largest bond issuance in Kuwait of KD 165 million to its customers to KIPCO Holding.

He also noted that Gulf Bank’s WISE Investments is an advisory and portfolio management service that follows a Nobel Prize-winning investment strategy, providing Gulf Bank clients with the opportunity to invest in international markets in an easy, transparent, and cost-efficient way. The principle of WISE Investments is to invest through international, diversified portfolios while achieving the ideal risk-adjusted return in the long term.

Al-Marzouq indicated that one of Gulf Bank's most important goals is to preserve customers' wealth, provide safe investment alternatives, and achieve greater geographical diversification in global markets, adding, "Through wealth management, we are keen to provide the best financing services and tools to meet the needs of customers.”

Sattam Al-Marzouq has over 22 years of banking experience, and prior to moving to Gulf Bank, he held several banking positions, the previous one being Executive Manager in Wealth Management at NBK.

Al-Marzouq holds a bachelor’s degree in Business Administration from the University of Colorado and is certified in Wealth Management from the American Academy of Financial Management. In addition to his academic achievements, Al-Marzouq obtained a number of training courses in management and leadership from Harvard University, Cornell University, and the American University of Beirut.

Gulf Bank's vision is to be the leading Kuwaiti Bank of the Future. The Bank is constantly engaging and empowering its employees as part of an inclusive and diversified workplace in recognition of every employee’s role in delivering customer excellence and serving the community at large. With its extensive network of branches and innovative digital services, Gulf Bank is able to give its customers the choice of how and where to conduct their banking transactions, all while ensuring a simple and seamless banking experience.

Gulf Bank is committed to maintaining robust developments in sustainability at environmental, social and governance levels through diverse sustainability initiatives, strategically selected to benefit both the internal and external community. Gulf Bank supports Kuwait Vision 2035 “New Kuwait” and works with various parties to achieve it.