Strategy
Gulf International Bank, Stanhope Capital Form Pact

Stanhope Capital, an international wealth manager with offices in Europe and North America, is teaming up with a bank covering the GCC region of the Middle East.
Gulf
International Bank Group, aka GIB Group, is partnering with
wealth management house Stanhope
Capital Group, to offer wealth advisory services to private
clients and institutions in the Gulf region of the Middle
East.
Services being offered include advisory, outsourced chief
investment officer and discretionary wealth advisory. This adds
to GIB Group’s existing offering, which includes commercial
banking, retail, treasury services, asset management, investment
banking and Sharia-compliant banking services.
Stanhope is, like several of its peers, expanding into the Gulf
Co-operation Council collection of jurisdictions (Bahrain,
the UAE, Oman, Kuwait, Saudi Arabia and Qatar), tapping into
the region’s rising wealth. Examples of firms doing more business
there, sometimes with new offices and licences, include IQ-EQ,
Titan Wealth, Avaloq, Canaccord, Rothschild & Co, Hamilton Lane,
Indosuez Wealth Management, Bank of Singapore, and GSB Capital,
among others.
For Stanhope Capital, the agreement is an opportunity to increase
its presence in the GCC.
“The increasing demand for sophisticated investment solutions
requires a partner that understands both local and international
markets. Through this collaboration, we are well positioned to
provide our clients with a comprehensive, world-class investment
platform that aligns with their evolving financial goals,” Sara
Abdulhadi, chief executive of GIB, said.
Daniel Pinto, chairman and CEO of Stanhope Capital Group, said:
“The demand for asset and wealth management services in the GCC
is immense and our ability to combine the GIB Group’s access and
expertise with our long-standing experience servicing the most
demanding institutional and private clients globally will create
something unique in the region.”
Founded in 2004, Stanhope Capital Group oversees about $40
billion for private clients, endowments, charities and other
institutions across the globe. It has offices in London, Geneva,
Luxembourg, Paris, New York, Philadelphia, Palm Beach and Boston.