Mondevo Group Launches ITTIKAR: The World's First AI-Native Merchant Bank for Family Offices

Mondevo Group Introduces ITTIKAR

In a groundbreaking announcement, the Mondevo Group has launched ITTIKAR, marking the debut of the world's first AI-native merchant bank specifically designed for family offices. With its headquarters located in the prestigious Abu Dhabi Global Market (ADGM), this innovative bank aims to change how family offices access private markets and manage capital.

A Game-Changer for Family Offices

Set to officially launch in the first quarter of 2026, ITTIKAR represents a significant shift in the financial industry, particularly for family offices which manage an estimated $6 trillion in assets. After a year of rigorous development by MonTech's team of over 40 AI engineers based in Singapore, ITTIKAR is ready to set a new standard in investment opportunities tailored to the unique needs of family offices.

Paradigm Shift in Financial Services

Traditional financial service platforms often rely on a product-oriented approach, deploying AI algorithms primarily to customize financial products for mass clientele. In contrast, ITTIKAR marks a complete turnaround by utilizing a service-oriented model, equipping each family office with its dedicated AI agent. These agents are designed to prioritize the specific investment goals, risk profiles, and strategic objectives of each family—essentially putting service at the forefront of the AI experience.

Hussam Otaibi, the founder of Mondevo Group, expressed, “ITTIKAR is the first initiative under Mondevo Ventures, our strategic plan to innovate and invest in AI-native companies. Our goal with ITTIKAR is to set a new benchmark for family offices, allowing them better access and evaluation of investment opportunities, while introducing new asset classes enabled by digital assets and tokenization.”

Tailored Solutions

Fabio Brambilla, CEO of ITTIKAR, elaborated, “Years of frustration for family offices stem from limited access to private markets without being treated as mere sales channels for existing products. Our segment-oriented AI approach ensures that each family office has an exclusive AI agent that learns their preferences, understands their restrictions, and identifies opportunities that genuinely align with their mission. This is the essence of service-oriented AI—far from being a sales-driven technology disguised as innovation.”

Strengthening Global Networks

The foundation for ITTIKAR is built on a network of over 100 established family office relationships across Europe, the Middle East, Asia, and Latin America. These long-standing connections, cultivated by Mondevo's founders over two decades, create robust network effects. The more family offices that join ITTIKAR, the better the deal flow, liquidity, and attractiveness to new families, fostering a unique ecosystem that cannot be easily replicated by competitors.

Cristiano Motto, Head of AI Technology at Mondevo Group, remarked, “Developing ITTIKAR from the ground up as an AI-native platform, rather than integrating AI into an existing merchant banking infrastructure, offers us capabilities that are architecturally impossible for competitors to copy. Each AI agent continuously learns and improves, creating a growing advantage over time. By mid-2026, ITTIKAR will stand as the most advanced AI merchant banking platform serving family offices worldwide.”

About Mondevo Group

The Mondevo Group is an AI-native ecosystem focused on wealth and innovation management for global family offices. Its operations are anchored in three distinct pillars: Mondevo Wealth, Mondevo Ventures, and MondeVita, all supported by MonTech, their proprietary technology team in Singapore.

For more information, visit Mondevo Group.
ITTIKAR Logo