Key Takeaways
- • Investcorp signed a memorandum of understanding with Singapore Gulf Bank (SGB) to explore a strategic collaboration spanning banking services, investment product distribution and digital wealth management.
- • Investcorp, which manages approximately $9 billion in assets for Asia-based clients, would gain banking, payment and settlement support from SGB for investments in its products.
- • The proposed distribution would bring Investcorp's private equity, real assets, credit and liquid strategies to SGB's private banking clients.
- • The MoU also contemplates integrating SGB's digital banking and payment capabilities with Investcorp Wealth, Investcorp's digital investment platform.
Summary
Bahrain-based alternative investment firm Investcorp has signed a memorandum of understanding with Singapore Gulf Bank to explore a strategic collaboration across banking services, investment product distribution and digital wealth management, according to a statement the firms issued on Sunday. The MoU is framed as a step toward deepening financial links between the Gulf and Asia.
Under the proposed partnership, SGB would explore providing banking, payment and settlement services to support investments in Investcorp's products. The two firms also plan to consider distributing Investcorp's private equity, real assets, credit and liquid investment strategies to SGB's private banking clients. The agreement additionally covers the potential integration of SGB's digital banking and payment capabilities with Investcorp Wealth, the firm's digital investment platform.
Investcorp said it manages approximately $9 billion in assets for clients based in Asia, a business it has built since opening its first regional office in Singapore in 2017. The firm also has a presence in India, China and Japan. The collaboration is intended to connect investors across the two regions with opportunities through Investcorp's global alternatives platform and SGB's digital banking infrastructure.
Yusef Al Yusef, global head of distribution at Investcorp, said the MoU reflects the firm's continued focus on strengthening connectivity between the Gulf and Asia and expanding access to alternative investments. Ali Moosa, executive vice chairman at SGB, said the partnership would explore how the bank's payment and settlement services could complement Investcorp's investment capabilities. SGB is a digital bank licensed and regulated as a conventional wholesale bank by the Central Bank of Bahrain.
Under the proposed partnership, SGB would explore providing banking, payment and settlement services to support investments in Investcorp's products. The two firms also plan to consider distributing Investcorp's private equity, real assets, credit and liquid investment strategies to SGB's private banking clients. The agreement additionally covers the potential integration of SGB's digital banking and payment capabilities with Investcorp Wealth, the firm's digital investment platform.
Investcorp said it manages approximately $9 billion in assets for clients based in Asia, a business it has built since opening its first regional office in Singapore in 2017. The firm also has a presence in India, China and Japan. The collaboration is intended to connect investors across the two regions with opportunities through Investcorp's global alternatives platform and SGB's digital banking infrastructure.
Yusef Al Yusef, global head of distribution at Investcorp, said the MoU reflects the firm's continued focus on strengthening connectivity between the Gulf and Asia and expanding access to alternative investments. Ali Moosa, executive vice chairman at SGB, said the partnership would explore how the bank's payment and settlement services could complement Investcorp's investment capabilities. SGB is a digital bank licensed and regulated as a conventional wholesale bank by the Central Bank of Bahrain.
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