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Wealth management: Doha Bank joins hands with S’pore

Wealth management: Doha Bank joins hands with S’pore

Tribune News Network
Doha
Doha Bank’s newly set-up Private Banking division has joined hands with the Bank of Singapore to offer wealth management solutions to people in Qatar, Slim Bouker, the head of Private Banking, has said.
“We, at Doha Private Banking, fully understand the importance of wealth preservation, steady asset creation and tailoring investment solutions to suit the needs and the risk appetite of our clients. And for that, we selected the Bank of Singapore, Asia’s Global Private Bank, to be our trusted partner,” Bouker said while addressing a recent weminar.
The seminar, on investment opportunities, was hosted by Doha Bank in association with Private Banking.
Addressing the webinar, Doha Bank Group CEO Dr R Seetharaman gave some insights on global economy.
According to the IMF’s June 2020 outlook, he said the global economy growth was projected at –4.9 percent in 2020, growth in the advanced economy group was projected at –8 percent in 2020 and growth in the group of emerging market and developing economies is forecast at –3 percent in 2020.
Sharing insights on Qatar’s economic and banking trends, Dr Seetharaman highlighted the investment reforms in Qatar. He has also provided an update on the performance of Qatar Stock Exchange and the opportunities from Qatar Exchange Traded Fund.
Bahren Shaari, the CEO of the Bank of Singapore, said “Qatar and Singapore share many similarities. Throughout our histories, both our countries have had the foresight to constantly re-invent ourselves. Bank of Singapore is one of the fastest growing banks in Asia with more than 114 Billion US dollars in asset under management. Our collaboration today marks another milestone in our journey.”
Jean Chia, Head of Portfolio Management & Research Office, Bank of Singapore, said “US China tension broadening in scope as US public opinion on China dips, except strong anti-China message from both camps. Monetary stimulus has been immense as central banks have rapidly printed money to buy assets and support lending. COVID -19 will leave lasting imprints on behavior with potential broad themes that will continue to gain being: e-commerce, logistics and stay at home economy.”
Edd Brookes, Head of Middle East, Cushman & Wakefield, gave an overview of property investment throughout the UK.
“Opportunities for stable rental growth in the UK residential real estate market may well be located outside London – and on the data presented during the Doha Bank Webinar suggests those centres will be Leeds, Cardiff, Glasgow and Manchester.”

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