Dubai, Sept 20 (UNI) India's leading stock broker firm Geojit Financial Services Ltd today tied up with a leading bank in West Asia, Bank of Bahrain and Kuwait (BBK), to provide trained manpower and expertise to invest in the booming Indian stock market.
Currently BBK's non-resident Indian (NRI) customers are offered services related to investments into Indian stock market by NRI marketing teams in Bahrain and Kuwait with the support of NRI desks at BBK's Hyderabad and Mumbai branches.
With the new tie up, the NRI banking desk at Bahrain will be strengthened with additional staff trained by Geojit Financial Services, which will enhance the quality of service to NRIs.
The presence of such knowledgeable staff at NRI desk would add value to the customer service and improve customer reach.
Geojit Financial Services is listed in India on the National Stock Exchange and the Bombay Stock Exchange and through its partner Barjeel Securities in UAE already provides stock investment support to NRIs in the UAE.
It has a network of over 400 offices, a client base of 425,000, and 1 billion dollar in assets under management.
''The partnership with Geojit adds a new dimension to BBK's strategy of becoming a leading player in the brokerage market,'' BBK Deputy General Manager Abdul Karim Bucheery said in Manama.
''This is a significant announcement. It brings together two of the most well-known and established brands in financial services, brands that are prominent in the region, as well as in other international markets,'' he added.
''For our clients, being able to offer Geojit brokerage expertise is also significant. We are committed to giving our clients the very best choices and being able to offer such an established name in the Indian stock market is vital,'' he said.
''Our client base is made up of sophisticated investors who understand the need for diversification in any balanced investment portfolio. With many clients originating from the subcontinent, offering them Geojit services gives them more opportunity to diversify their holdings within the Indian booming economy, and be exposed to markets that was out of their reach,'' Geojit Managing Director C J George said.