National Bank of Oman (NBO) has joined hands with Reliance Wealth Management (RWM) to provide distinct Indian investment products to NBO's valued private banking customers. This strategic alliance with renowned Reliance Group brings together two of the strongest brands from Oman and India. The agreement was signed by Harsh Munjal, NBO's General Manager — Retail, Private and Overseas Banking Group and Vikrant Gurnani, Executive Director, Reliance Securities Ltd, in the presence of senior officials from both organisations. The Reliance Group — India's leading business conglomerate, has several varied interests including Telecommunication, Power Generation, Infrastructure Development, Financial Services, Media and Entertainment. Reliance Wealth Management (RWM) — is one of the businesses of Reliance Capital. Reliance Capital is listed on stock exchanges and is part of India's leading domestic indices. The various financial services under Reliance Capital include: Life Insurance, General Insurance, Asset Management, Institutional and Retail Brokering, Housing and Consumer Finance, Investment Banking and Wealth Management. The alliance between NBO and RWM focuses on building efficient tailor-made investment product portfolios for NBO's Private Banking customers. Reliance brings in its local expertise in managing India specific investments, while NBO brings the onshore support platform to facilitate client investments. NBO believes that having firmly established its footprint in Oman's financial services industry, with the ‘Best Retail Bank in Oman'award to its credit; the next stage of expansion is to develop its reach beyond basic banking. NBO aims to raise the standards once again and focus on offering distinguished investment products to its high net worth customers. NBO's philosophy for its Private Banking business is built around a lean and ethical commercial practice, that is committed to high standards of service quality and delivery; offering end to end solutions to its customers. Moosa al Jadidi, NBO's Head of Private Banking and Sadara Wealth Management said:"We are indeed delighted to join hands with Reliance Wealth Management and thereby extend the portfolio of services for our esteemed customers. We will continue to refine and personalise our products to further delight our customers, align with their changing demands to ensure we satisfy their specific requirements at all times." Omanobserver
