SICO, the leading regional asset manager, broker, and investment bank, has announced the successful completion of the merger of its wholly-owned subsidiary, SICO Funds Services Company (SFS), into the parent bank.
The strategic integration marks the final phase of an initiative designed to strengthen SICO’s operating model, optimise capital utilisation, and enhance operational efficiency.
Following the completion of all regulatory and legal requirements, SFS has officially wound down operations as a separate entity and surrendered its licence to the Central Bank of Bahrain (CBB). SICO confirmed that the merger has no impact on its primary wholesale banking licence, and all client operations continue as usual.
Under the unified structure, all fund administration, fund accounting, and custody services will now be provided directly through SICO, giving clients seamless access to a full suite of financial solutions under one roof.
“By merging SFS into the parent company, we have taken a strategic step to optimise capital utilisation, enhance operational efficiency, and deliver an even better client experience,” said SICO Group chief executive officer Najla Al Shirawi.
“The merger also enables us to unify resources, streamline processes, and achieve greater cost efficiency, while supporting our plans to develop a unified digital investor portal that will provide clients with easier and more seamless access to our services and the management of their investments,” she added.
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