Wealth manager Altaira opens branch in Bahrain
Altaira Wealth Management, a Geneva-based wealth manager, has launched its Middle East operations by opening offices in Bahrain.
The new subsidiary, Altaira Middle East BSC, will service clients throughout the Gulf. The subsidiary has several Saudi-based shareholders and counts a number of managers with long experience in the Gulf region. These include Karim Alansari, who joins as senior client relationship manager, and Eman Mohammed, who becomes office manager.
“This differentiates us from most asset managers currently operating in Bahrain,” says Ghazi Abdul Jawad, Chairman of Altaira Middle East. “This is an excellent opportunity for Gulf-based individuals to access wealth management services provided by a Swiss wealth manager with truly global expertise combined with a ‘local’ shareholder base.”
Altaira WM, a wholly-owned subsidiary of London-based holding company Altaira Ltd, offers wealth management services to family offices and high net worth individuals. These include Luxembourg-based Altaira Funds, a funds platform that includes proprietary Ucits approved funds manufactured in partnership with a group of strategic alliance partners. Among these investment solutions are some Shariah-compliant investment options.
Altaira offers tailor-made investment solutions but says it does not sell third party products. Instead, Altaira aims “to build strategic alliances with third party investment ‘partners’ offering tailored investment products”.