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Mark Nichols

Almas Nexus, Bahrain EDB sign fintech MoU

MANAMA/LONDON, November 27, 2017

Almas Nexus, an alternative investments fintech company, has signed a signed a memorandum of understanding (MoU) with the Bahrain Economic Development Board (EDB) to cooperate in the field of fintech innovation.

Almas’s platform will be made available to wealth advisors and institutions in Bahrain as well as across the GCC, Europe and Asia. Through long-term cooperation, the EDB and Almas will also look to develop local and regional talent to enhance Bahrain’s position as a key incubator for cutting-edge financial technology solutions.

 David Parker, executive director of Financial Services at the Bahrain Economic Development Board, said: “We are very pleased to announce this cooperation with Almas. We witness real momentum for fintech in the region, where businesses and start-ups are looking to develop innovative products and services to meet growing demands. Strategic relationships like this one are vital to ensuring the right ecosystem is in place to continue this momentum.”

 Mark Nichols, CEO, Almas, stated: “We are honoured to be entering into a collaboration with the Bahrain Economic Development Board. Our aim is to offer wealth managers and institutional investors premium sources of alpha from around the world, many of which would otherwise be inaccessible. The support from the EDB is a powerful endorsement of our proposition and the potential for future growth.”

Almas was created to extract unique sources of investment returns and seamlessly deliver that alpha to its established, global network of investors via a proprietary technology platform. Its senior management team unites strong institutional investment management expertise with innovative product development, global distribution and advanced technology solutions.

Almas is the first global fintech investment platform with a strong presence in the Gulf, and is rolling out regional sales hubs to connect and service its international network of clients and partners on a 24/7 basis.

The Bahrain Economic Development Board (EDB) is an investment promotion agency with overall responsibility for attracting investment into the Kingdom and supporting initiatives that enhance the investment climate. – TradeArabia News Service




Tags: EDB | Bahrain Economic Development Board | Fintech |

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