Doha Bank, Centrum Wealth Management ink deal
31 Oct 2017 - 0:00
Doha Bank, one of the largest private commercial banks in Qatar, has entered into an agreement with Centrum Wealth Management Limited, to offer its customers wealth management services in India.
The exclusive partnership in Qatar and one of its kind in Kuwait will enable Doha Bank’s high net-worth customers to invest in various asset classes in the Indian markets under the specialist guidance of Centrum. All residents and non-resident Indians (NRIs), including persons of Indian origin (PIOs), with an account in Doha Bank in India and a net worth of Rs10m will be offered with Centrum’s Wealth Management Services. Centrum is a leading integrated financial services group in India offering Investment Banking, Institutional and Retail Equity Broking, Wealth Management, Asset Management – PMS, Forex and Travel, Debt Advisory and Fund Raising, Alternative Assets and Structured Financing. “We are extremely pleased to announce our partnership with Centrum Wealth Management. This is a first of its kind in Qatar and Kuwait and an exclusive partnership in Qatar. It is a new milestone for our customers as they can now diversify their investments and benefit from the rapidly growing Indian market. Furthermore, our Indian expatriate customers have the added advantage of continuing to live wherever they are while making right investment choices in their home country under the guidance of the well-experienced Centrum professionals,” said Dr. R. Seetharaman (pictured) Group CEO, Doha Bank.
“Centrum has been continuously expanding its operations in India and is today a leading diversified financial services firm. The alliance with Doha Bank will enable us to offer our services to international corporate clients as well as NRIs based in the GCC countries. India offers excellent growth opportunities in wealth management & banking areas. Moreover, there exists a common synergy between both organizations and we hope to benefit from each other’s expertise.” said Jaspal Bindra, Executive Chairman of the Centrum Group.