Gulf Wealth Management (GWM) is offering the UK public the chance to become founder shareholders in the first digital wealth management e-commerce platform focused on the investment needs of the Gulf Corporation Council (GCC*) namely Saudi Arabia, UAE, Kuwait, Qatar, Bahrain and Oman. GWM launched a campaign through equity crowdfunding platform Seedrs for up to 60 days.
London based GWM aims to link affluent investors in the GCC region with first class, international institutional asset managers through a digital wealth management platform. Bahrain-based Gulf Ventures Corporation (GVC), a venture development and management consulting firm, has recently become one of the first founder shareholders by acquiring an 8.3% stake in GWM.
George Robb, former Chairman and Group CEO of Aberdeen Asset Management, and non-executive Chairman of GWM stated, “Over the past ten years the internet has had a transformational impact on the conduct of financial affairs. Sophisticated internet based platforms are radically changing the way wealth management is conducted. The GCC countries have experienced a huge increase in personal investible wealth over many years and we want to provide them with access to the best asset managers globally. We are pleased to have GVC on board; the vision of the company is to achieve a top three market position in the GCC through the effective use of digital channels, alliance partnerships with regional brokerage firms, and by partnering with international investment management firms.”
Nadeem Mujtaba, Chief Executive Officer of GWM noted, “We are excited by GWM’s plans to redefine the GCC wealth management sector with the first e-commerce platform and believe it will be a game changer development for the region and particularly beneficial for the affluent segment that currently has far more limited investment options available compared to their counterparts in the UK or US.”
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!