Citadel, Gambit Group Partner To Deliver Integrated Wealth Management Solutions – BusinessToday

Citadel, Gambit Group Partner To Deliver Integrated Wealth Management Solutions – BusinessToday

In a major development set to revolutionise the financial services sector, Citadel Group and Gambit Group have signed a Memorandum of Understanding (MOU) to collaborate on delivering innovative solutions to their clients and partners.

This landmark agreement represents a significant advance in bridging the gap between traditional and digital finance. Citadel Group, known for its expertise in fiat currency trustee services, and Gambit Group, recognised for its specialisation in digital currency trustee solutions, will work together to integrate traditional and digital asset management services.

Gambit Custody, a subsidiary of Gambit Group and the second company of its kind licensed in principle by the Securities Commission Malaysia (SC), specializes in safeguarding digital assets such as cryptocurrencies, bitcoin, and ethereum. Meanwhile, Citadel Group, established in 2019, has built a strong reputation for offering Islamic-compliant wealth products and services.

Under the MOU, Citadel Group’s clients will have access to Gambit Custody for digital asset custody needs, while Gambit Reserve Berhad’s clients will benefit from Citadel Group’s expertise in fiat currency trustee services for redeemable preference shares (RPS). This partnership aims to provide a comprehensive suite of wealth management solutions covering both traditional and digital assets.

Datuk Clifford Hii, CEO of Gambit Group, said, “The synergy between Gambit Group and Citadel Group presents a unique opportunity to cater to the evolving needs of our clients in the rapidly changing financial landscape. Together, we are well-positioned to deliver seamless, integrated solutions that drive enduring financial success.”

As Citadel Group marks its fifth anniversary, this partnership with Gambit Group is a pivotal step in its international expansion plans, set to solidify its position as a leader in the wealth management industry by 2025.

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