Mashreq, a leading financial institution in the MENA region, has partnered with Goldman Sachs Asset Management, enabling Mashreq to provide discretionary services to its wealth management customers.
Goldman Sachs Asset Management is the primary investment management arm within Goldman Sachs, delivering investment advisory services across public and private markets for the world’s leading institutions, financial advisors, and individuals.
The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.
Fernando Morillo Group Head Retail Banking Mashreq Bank
“We are extremely proud to start this partnership with. This collaboration will support us in offering best-in-class investment solutions to our customers. In addition, we gain access to the expertise, research capabilities and resources of one of the world’s leading financial institutions.”
Fadi Abuali, co-CEO of Goldman Sachs Asset Management International and co-CEO for MENA, said that, “With Mashreq’s strong customer relationships, the bank is an excellent partner for us in the UAE market. Together, we look forward to delivering strong investment solutions and performance for Mashreq’s customers.”
Vipul Kapur, Head of Private Banking at Mashreq, commented that, “Our strategic collaboration with Goldman Sachs represents a pivotal milestone in institutionalizing our investment platform. This significantly enhances our capability to cater to the evolving and sophisticated needs of our clients.’
Mashreq’s customers will be able to access discretionary mandates catering to various investment and income needs, based on their risk appetites, from April 2025 onwards.
