Ahli United Bank’s Private Banking unit has unveiled a key tie-up with Forbes Family Trust, the New Yorkbased multi-family office providing thoughtful investment management and family office services to help clients preserve and grow wealth.

FFT is poised to add tremendous value through their extensive relationships with various asset managers. They will employ their expertise to aid AUB Private Banking in the selection of Private Equity and other Alternative Investments for AUB clients.

Commenting on the new partnership, Mark Hirst, Deputy Group CEO, Private Banking & Wealth Management said, “We have been carefully scouting for and selecting best-in-class investment houses to collaborate with to serve our clients. Our ultimate target is to furnish our clientele with a wide host of dynamically managed, globally positioned investment portfolios.” He added, “We are, therefore, very pleased to announce the joint work between us and FFT, a partnership inspired by the common objective of delivering investments that further every client’s unique financial goals.”

FFT is a renowned and long-established multi-family office and investment advisory firm, boasting a strong North American pedigree. They’ve also developed robust Islamic capabilities and are managing a number of large mandates across the Middle East. FFT plans to work closely with AUB Private Banking to evaluate investment opportunities in the alternate asset classes to diversify investments and provide long-term growth, stability, and benefits for AUB’s clients.

“It’s an honour for us to join forces with AUB’s Private Banking unit. We were pitted against a number of competitive investment advisory firms in the US, and emerged a winner. We look forward to commencing this partnership with AUB, GCC’s premier private bank. We have the capabilities to provide them with toptier private equity, venture capital, and real estate managers, together with various other investment opportunities.” stated Keith Bloomfield, CEO of Forbes Family Trust.

Based in New York, Forbes Family Trust is a global player in the multi-family office business, specialising in alternative investments, asset allocation, portfolio construction, and financial planning. Originally founded to serve the investment and wealth planning requirements of the Forbes family, FFT opened its doors in 2009 to investors, prominent families, family offices, foundations, and endowments from the whole world over. FFT is a registered investment adviser and fiduciary, with affiliates managing assets under management (AUM) worth $6.5 billion as of 31 December 2019.