Riyadh – Sharikat Mubasher: Gulf International Bank Group (GIB Group), a pan-GCC universal banking group, entered into a strategic partnership with London-based Stanhope Capital Group to offer wealth advisory services to institutional and high-net-worth clients across the Gulf region.

Under the agreement, the two firms will provide a broad range of wealth management services, including advisory, outsourced chief investment officer (OCIO) solutions, and discretionary portfolio management, according to a recent press release.

The move marks GIB’s formal entry into the wealth management space and represents a significant addition to its diversified financial services portfolio, which already includes commercial and investment banking, treasury, and Sharia-compliant banking solutions.

The partnership will focus on clients with complex financial needs, including private individuals with over $100 million in investable assets, charitable foundations, and entities linked to sovereign wealth funds.

According to both parties, the offering will span global asset classes, such as equities, fixed income, private equity, hedge funds, and real estate, while also maintaining a strong capability in Sharia-compliant investments.

Stanhope Capital, which manages over $40 billion in assets globally, sees the partnership as a strategic expansion into the GCC, one of the fastest-growing markets for wealth and asset management. The firm will contribute its global investment expertise, while GIB will provide local client access and regional market insight.