Markaz Accelerates Efforts To Make Innovation an Everyday Habit

Press release
Published November 3rd, 2021 - 08:36 GMT

Markaz Accelerates Efforts To Make Innovation an Everyday Habit
Peter Kelly, Executive Vice President, Human Resources Department at Markaz.
Highlights
Through launching the ‘EDGE’ program that aims to strengthen organization’s innovation culture and improve its competitiveness to prepare for an exciting new phase of growth

Aiming to consolidate its position as a pioneer of innovation in the financial industry, Kuwait Financial Centre "Markaz" is launching a new program to make innovation an everyday habit. The custom program, named EDGE, will run from 4th November to 15th December 2021 and will be organized in partnership with Circuit Learning, a leading corporate trainer.

The new program reflects Markaz’s keenness to foster creativity and innovation at the workplace and serve its clients better through innovative products and services. It is also in line with the company’s efforts to bolster its culture of looking ahead and preparing in advance to enable its clients to leverage new and emerging opportunities to generate wealth. In addition to stimulating innovation, the program seeks to facilitate the smooth movement of new product/service ideas from conception to the market, consolidating the company’s industry-leading position.

Commenting on the EDGE program, Mr. Peter Kelly, Executive Vice President, Human Resources Department at Markaz said that it aims to fine-tune the insights and behaviors at Markaz to enrich its culture of innovation in preparation for an exciting phase of growth ahead. “The new program follows our iGen initiative established earlier this year to increase creativity at Markaz and fast-track new product development. We are confident that EDGE will improve Markaz's competitiveness by enabling us to debate and create. Sharing ideas and challenging and influencing each other will help us strengthen innovation as we seek promising opportunities to create new, sustainable avenues for the continued success of our clients,” he explained.    

The participants of the six-week training program include Markaz employees from various business units, including Investment Advisory, Capital Markets, Real Estate, MENA Equities, Wealth Management, and Strategic Planning, bringing together a diverse blend of perspectives, experiences, and competencies. The program will mainly aim to build an everyday innovation mindset, encourage the team to explore new ideas, and promote collaborative behaviors. Training methods include workshops, learning moments, huddles, and digital nudges to ensure effectiveness and involvement.

Being one of the leading asset management and investment banking institutions in the MENA region, Markaz has an unparalleled reputation for innovative product development and focused and rigorous investment strategies and policies. With its broad range of product offerings and a strong commitment to providing clients with high-quality services, Markaz has earned the trust of its clients and has won numerous prestigious regional and global awards. 

Background Information

Kuwait Financial Centre “Markaz”

Established in 1974, Kuwait Financial Centre K.P.S.C “Markaz” is one of the leading asset management and investment banking institutions in the MENA region with total assets under management of over KD 1.03 billion as of 30 September 2020 (USD 3.33 billion). Markaz was listed on the Boursa Kuwait in 1997.

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