Oman Economic Review – August 2018

banking facilities available to Private
banking clients are also unmatched in
the Sultanate.

Private banking customers enjoy
a number of banking and lifestyle
benefits. What are these benefits?
Besides providing an access to the
wealth management platform and
dedicated Private banking branch
at the head office, Private banking
services also include conventional
accounts, term deposits, currency
exchange, domestic and international
transfers, online banking and regular
asset monitoring. Bank Muscat Private
clients are also provided exclusive
Private Banking VISA Infinite credit
card and VISA Platinum debit card.
Luxury car finance and yacht finance
is available exclusively for Private
clients who are also eligible for
competitive rates for deposits, loans
and foreign exchange.

Private banking clients enjoy 1
per cent cash back rewards on all
transactions made through Private
Visa Infinite credit card. The card also
facilitates exclusive Hilton Honors
Gold Membership, an unlimited access
to 900+ airport lounges globally,
complimentary chauffeur service to
and from Muscat International Airport,
collection of over 900 luxury hotels
around the world, multi-trip travel
insurance and Global Concierge Service.

The additional rewards and benefits
for Private clients include high value al
Mazyona prizes. Private customers are
eligible to participate in all al Mazyona
prize draws offering RO10mn in prize
money.

What kind of wealth management
solutions are being offered by Bank
Muscat private banking?
Bank Muscat offers Private banking
clients a complete suite of investment
options in global asset classes through
its wealth management platform and
its tie up with international counter
parties. The range of solutions offered
to clients includes the following:

• Equity: Investments across
  global markets, Global ETFs
  & Global Mutual Funds
  
  
  • Fixed Income: Global Bond Trading,
    Omanifixed income issuance, Global
    Mutual Funds & Global ETFs
  
  
  • Alternates: Private Equity funds,
    Real Estate Funds & Commodity ETFs
  
  
  • Offshore Banking / Portfolio
    Management through reputed
    global counterparties
  
  
  
  

With global financial expertise and

experience, the bank’s team of wealth

experts serve as trusted advisors to

provide investment solutions tailored

to meet the present and future needs of

clients. The strategy reflects the bank’s

commitment to expand innovative

services to Premier banking clients

and provide an exclusive banking

experience.

Dedicated wealth advisors work

closely with Bank Muscat Private

clients to evaluate their personal

financial objectives. The process begins

by outlining goals and shortlisting

innovative instruments to achieve

the best long-term growth on assets.

Right through the various phases of

the wealth management journey, the

bankensures that innovative strategies

are in place to accommodate the

changing needs of clients.

The global reach offers Private banking

clients the advantage of investing

in different geographies and across

different asset classes like mutual funds,

equity, fixed income, real estate and

commodities. Dedicated experts analyse

the list of identified investments in

detail and monitor activity in each asset

class and sector.

The referral services offered by Bank

Muscat Private stem from tie-ups

with global partners of repute for

offshore banking, direct real estate and

insurance Products.

Bank Muscat vision is ‘To serve you

better, every day’. How do you ensure

the implementation of Bank Muscat

vision in private banking business?

Reflecting the customer-centric ‘To

serve you better, every day’ vision of the

bank, the best of banking and lifestyle

solutions enrich the Private banking

experience. The Premier banking

proposition is constantly enhanced to

offer a world-class service as the bank

is focused on improving customer

experience by offering banking and

lifestyle solutions adapted in tune with

the changing customer needs and use

of technology for efficient, seamless

experience. Wealth management is

a key focus area as the personalised

needs, aspirations and goals of Private

banking clients are fulfilled.

Exclusive Private banking branch

with customer lounges helps clients to

enjoy privacy in banking transactions.

Dedicated relationship managers

serve as single point of contact for all

customer requirements so that all issues

are resolved on priority without dealing

with multiple people or departments

in the bank. The ‘Go Digital’ initiatives

with M- banking app ensures customers

can do all transactions conveniently on

their mobile phones. The bank provides

access to latest products across asset

classes to ensure that clients have

the choice to make appropriate

investment decisions.

Please share the recent honours

achieved by private banking?

In recognition of banking excellence,

Bank Muscat Private won the Best

Private Bankin Oman award by the

Banker, Euromoney, Global Finance

and EMEA Finance in 2017. EMEA

Finance presented again the Best

Private Bank in Oman award to

BankMuscat Private in 2018.

Bank Muscat Private

banking services

are exclusive to high

net-worth individual

customers and

offered to eligible

clients on invitation

basis