QFB developing new open architecture platform for private banking clients

Qatar First Bank (QFB) is developing a pioneering open architecture private banking platform supported by an exceptional international network of partners.The platform offers shareholders and clients the opportunity to select from a wide range of investment opportunities and innovative financial solutions to grow, manage and protect their wealth and assets.“QFB is transforming from being an investment focused to an investor-focused entity. This is being reflected in the continued development of our Shariah compliant offering across all business lines. We are aware that there is still a great deal of work to be done, and we are investing to achieve our goals,” its chief executive Ziad Makkawi said.Highlighting that the global economic conditions remain challenging and complex during 2016, he said the bank will continue to expand its Islamic financial solutions, develop and launch new initiatives, and most importantly explore and evaluate investment opportunities.QFB’s Private Banking and Wealth Management business is uniquely positioned to exclusively cater to the banking needs of its elite clients and their businesses, while offering access to investment opportunities and innovative solutions.Leveraging the in-house and international breadth of investment solutions across asset classes, QFB private banking team opts for a client centric approach whereby the investment advice is personalised to the financial goals and risk profile of the client. Bespoke Shariah-compliant solutions are tailored to the functional needs and wants of clients enabling them to both create and preserve wealth.“We are proud to develop a pioneering open architecture platform and make it available exclusively to our private banking clients. The platform is backed by our talented and highly experienced team, well-equipped to meet the individual needs of our clients,” said Nizar Ahmadi, QFB’s Head of Private Banking and Wealth Management.The private banking and wealth management Shariah-compliant products include financing, private banking services, innovative investment solutions, as well as family office services covering trusts, foundations, advisory, real estate planning, and statement consolidation.