Invest GP begins first actual operation of global Avaloq system in Kuwait
Gulf Capital Investment S.A.K.P. (“Invest GP”), the investment arm of Gulf Bank, announced the live implementation of the Avaloq system, provided by Avaloq, a global leader in financial services and wealth management technology, to deliver its services to Invest GP’s individual and institutional clients in Kuwait and the Gulf Cooperation Council (GCC) countries.
Invest GP selected the Avaloq system to build a unified operating environment across all its operations and to elevate the digital experience offered to its clients. This step marks the first phase of Invest GP’s transition into a new era of digital wealth and investment management. It also represents the first live deployment of the global Avaloq system in Kuwait.
The system consolidates Invest GP’s wealth management, portfolio management, and fund management activities within a single, consistent database with high levels of automation.
This implementation is a core component of Invest GP’s broader digital transformation strategy. By operating on a single platform, the company is better positioned to enhance operational efficiency, scale its business, and reduce total cost of ownership across infrastructure, software, application services, and operational teams.
Commenting on the occasion, Mr. Samer Obaid, Head of Information Technology at Invest GP, said: “The live implementation of the Avaloq system represents a significant milestone in our company’s digital transformation journey, embodying our steadfast commitment to innovation and our mission to deliver sustainable, long-term value to our clients. With the full deployment of the advanced technologies provided by Avaloq, we are strengthening our wealth management capabilities, driving growth through innovation, and reinforcing our readiness to meet our clients’ evolving needs. Most importantly, this system enables our teams to dedicate more time and effort to delivering exceptional value to our clients.”
For her part, Ms. Janan Hussein, Senior Vice President of Information Technology at Invest GP, stated: “This live launch is the result of months of close collaboration between our technology and business teams to ensure a smooth transition to the Avaloq platform, which provides us with a stronger technological foundation, tighter system integration, and greater flexibility to support Invest GP’s continuous growth. We highly appreciate Avaloq’s commitment, expertise, and clear communication throughout all stages of the project.”
For his part, Mr. Akash Anand, Regional Director for the Middle East, Africa, and India at Avaloq, said: “This achievement marks a turning point for both Invest GP and Avaloq, and we are delighted that Invest GP is our first client to go live in Kuwait.”
He added: “Together, we have successfully achieved a transformation that simplifies the company’s operations and increases efficiency. We extend our gratitude to the Invest GP team for their close collaboration and deep market expertise, which played a pivotal role in the success of this project. With this foundation laid, we look forward to continuing our partnership with Invest GP in the next phase of the digital transformation journey.”
As financial institutions in the Gulf region face increasing pressure to improve efficiency, control costs, and keep pace with evolving regulatory requirements, Invest GP has demonstrated a successful model illustrating how regional institutions can reduce complexity and accelerate innovation by consolidating their operations on a single platform rather than relying on disparate systems.
