Doha Bank Enters into Partnership with Bank of Singapore for Wealth Solutions

Doha Bank hosted a Webinar on 28th July 2020 on the topic of “Investment opportunities “. And the newly set-up Private Banking Division.

The event kicked off with the launch of the new services by Slim Bouker, Head of Private Banking who 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.”

Dr. R. Seetharaman, CEO of Doha Bank gave insight on Global economy. He said “ According to IMF June 2020 outlook, Global economy  growth is projected at –4.9 percent in 2020, Growth in the advanced economy group is projected at –8.0 percent in 2020, growth in the group of emerging market and developing economies is forecast at –3.0 percent in 2020.”

Dr. R. Seetharaman also gave insight on economic and banking trends in Qatar focusing on both hydrocarbon and non-hydrocarbon sectors. He highlighted on the investment reforms in Qatar and Qatar’s investment programme. He provided an update on the performance of Qatar Exchange and the opportunities from Qatar Exchange Traded Fund.

Dr. R. Seetharaman, invited key international speakers to cover topics related to Global Equities, Fixed Income and Real Estate as well as our partner to talk about the strong relationship between Qatar and Singapore.

Mr.Bahren Shaari, CEO Bank of Singapore said “Qatar & 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 & I look forward to working with Doha Bank to provide you with the best in class wealth management solutions.”

Mrs. 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.”

Mr. Edd Brookes, Head of Middle east, Cushman & Wakefield gave an overview of property investment throughout the UK, highlighting a number of cities. He stated, “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.”

 

Source: Doha Bank