NBK Banque Privee Suisse relocates to a new headquarters in Geneva
New HQ to facilitate expansion of investment, wealth management offerings
KUWAIT: NBK Banque Privee Suisse announced that it has relocated to a new headquarters in Geneva, Switzerland, in a strategic move towards expanding its investment and wealth management services, while also broadening its reach in the world’s leading financial and business centers.
The inauguration of the new headquarters was attended by Isam Al-Sager, Vice Chairman and Group CEO at National Bank of Kuwait, Faisal Al-Hamad, CEO - Global Wealth Management at National Bank of Kuwait, and Malek Khalife, Deputy CEO, Head of Global Private Banking at National Bank of Kuwait and General Manager of NBK Swiss, as well as members of the Board of Directors and bank employees in Switzerland.
The new headquarters is situated in the bustling city of Geneva, at the core of one of Europe’s most vibrant and dynamic cities, featuring stateof-the-art and sustainable infrastructure, which provides an excellent business and customer environment. The relocation to this new headquarters demonstrates NBK’s commitment to invest in the future. It enables the Bank to cater to the evolving needs of its growing clientele by increasing the number of specialized employees in investment and wealth management, along with offering innovative financial products and services to help customers achieve their financial goals.
NBK Banque Privee Suisse S A provides banking and investment services to individuals and institutions from the GCC. The bank offers international investment portfolio management services tailored to the specific investment needs and preferences of individual and corporate clients. It also provides personal banking services and expert banking and investment advice. The investment portfolios managed by the bank consist of private portfolios, international stocks and bonds, as well as other types of investment products.
Since its inception in 1984 as NBK Finance, the Swiss entity has maintained a strong presence in Geneva, serving high-net-worth individuals with top-notch asset management services. Over the course of almost four decades, the bank has established itself as a leading provider in the field. In 1999, NBK Finance acquired a Swiss banking services license and rebranded as NBK Swiss, establishing itself as a fully independent entity that adheres to Swiss laws and regulations. This enables the bank to enjoy all the privileges of a Swiss bank, including complete confidentiality and security.
In 2006, NBK Swiss rebranded as NBK Banque Privee Suisse S.A., signifying its Swiss roots and its focus on providing exclusive private banking services. NBK Group is distinguished by its local and global reach, with a network of 138 branches and subsidiaries spread across four continents, including seven countries in the MENA region. The Group boasts a global wealth management platform that integrates private banking and asset management, managing a total of over $17 billion in assets, reflecting its strong brand name and ability to attract high-net-worth clients not only in Kuwait, but also from around the world.