Saudi Hollandi Bank launches Wealth Management Initiative

The Van Gogh Preferred Banking initiative launched by Saudi Hollandi and named after the famous Dutch painter will enable their customers to access a global network of preferred banking centers and international banking professionals, as well as a unique package of wealth management and investment products and services. The launch comes at a time of renewal for Saudi Hollandi as the bank is also upgrading its branch network and all its existing products and services. Further centres similar to that opened in Riyadh yesterday will be opened in both Eastern and Western provinces next month.

Among those speaking at the launch were Saudi Hollandi Chairman, Sulaiman Al Suhaimi, Tom De Swaan, SHB Board member and CFO of ABN AMRO and Peter Baltussen, the Managing Director of Saudi Hollandi.

In his opening address at the event Mr Al Suhaimi praised the Saudi government and SAMA for their support of the banking industry and the introduction of the Capital Markets Law. "This has given us the opportunity to introduce greater levels of innovation, transparency and service quality to the Kingdom's financial services market. The service that we are launching today reflects the heightened degree of choice and sophistication that we are now able to offer our clients."

Commenting on the Van Gogh programme in which customers are individually assigned relationship managers, Tom De Swaan added," Every one of our clients is an individual with unique needs and expectations and Van Gogh offers a higher level of sophistication to those of our Saudi clientele who in turn are leaders in their chosen fields."

Mr. De Swaan added, "The introduction of a world standard programme such as Van Gogh is demonstrative of the close working partnership enjoyed by Saudi Hollandi, ABN AMRO and their customers." He also outlined that Saudi Hollandi is becoming the global Islamic banking centre of expertise for ABN AMRO's customers worldwide.

Peter Baltussen also praised the strength of the ties between the Saudi bank and its Dutch partner, before detailing some of the benefits of the new programme, "The enhanced package of preferred banking services includes the new Wealth Management Account, a wide array of investment products and access to exclusive Van Gogh banking lounges around the world." The Saudi Hollandi Managing Director then continued, "Add to that further products such as capital guaranteed notes and structured deposits, and one is left in no doubt of the combination of product, convenience, service and sophistication that typifies Van Gogh Preferred Banking."