Kamco Investment Company K.S.C. (Public), a regional non-banking financial powerhouse with one of the largest AUMs in the region, announced its new identity, “Kamco Invest”, after completing the legal, operational and integration merger processes with Global Investment House (Global) marking the beginning of a new era in implementing the Company’s strategy.
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During the press conference held to announce the end of the merger process and the new identity, Faisal Mansour Sarkhou, Chief Executive Officer, emphasized that the merger comes as a crucial phase in Kamco’s implementation of its growth and expansion strategy which was initiated back in 2014.
The strategy was put into effect with an aim of expanding the Company’s client base while building long-lasting relationships through a wider range offerings and investment solutions.
“Today we are in the second phase of implementing our strategy as we become a more competitive investment company in the local and regional markets. Kamco Invest will offer clients an integrated set of investment solutions, a wealth of expertise and advanced systems that are inline with the best international standards within this sector.”
He added, “What differentiates this merger is the integration of combined years of knowledge operating in the investment sector, coupled with a range of progressively developed products and services that support Kamco Invest’s competitive position. The Company today offers a diverse range of solutions that meet and exceed each client’s expectations, also catering to their unique risk-appetites, both locally, and throughout the region. These solutions include asset management, investment banking, brokerage and lending.” The Company’s assets under management stands at approximately USD13.7 billion invested in various asset classes and jurisdictions. In a recent asset management report issued last September by Moody’s, Kamco Invest was ranked as the fifth largest asset manager in the GCC region.
Kamco Invest’s strong presence in the regional debt and equity markets, coupled with its extensive networks and relationships with clients, led to the successful conclusion of numerous transactions for key players in the market. With investment banking credentials exceed USD21 billion, Kamco Invest is one of the most active asset managers and investment banking firms in the region. The Company has managed/co-managed around USD8.4 billion in Equity finance, arranged around USD6.8 billion in conventional and Islamic debt, and advised M&A mandates worth over USD5.2 billion
Organizational structure that reflects a modern and innovative business model
Commenting on the new organizational structure, Sarkhou said, “The recently announced organizational structure has been developed in cooperation with the human resources consultancy firm, “Mercer”, with an objective to strategically streamline operations to increase efficiency across the organization.” The organizational structure was created after applying an in-depth and scientific approach to collect information, measure performance and evaluate employees based on the Company’s mission, vision and core values. The complex and effective process was carried out in multiple phases and different forms of studies in line with the best global practices to cultivate and sustain a diverse workforce, which are ultimately the Company’s greatest asset.
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