"EIS Asset Management" is a licensed company regulated by the Dubai Financial Services Authority . The function featured a private viewing of "Jumana - Secret of the Desert" at Al Sahra Desert Resort and was attended by senior managers from Emirates NBD Group, Al Shaheen and EIS Asset Management. Al Shaheen Investment clients were treated to a spectacular audio-visual show, pyrotechnics, water and laser effects.
Mr. Jamal Bin Ghalaita, Emirates NBD General Manager Consumer Banking and Wealth Management said: "We would like to thank our loyal customers who have helped us maintain a leading position in the financial services industry. This year witnessed a landmark success for the Emirates NBD Group, which has strengthened its asset management activities through the establishment of EIS Asset Management in April 2007. The new entity was formed when the asset management unit of Emirates Bank merged with Emirates Financial Services and transferred to the Dubai International Financial Centre and continued its operations as the newly formed subsidiary company - EIS Asset Management."
Mr. Mike Solimani, Head of Al Shaheen priority banking service, said, " We have a very strong franchise based on a highly personalized priority banking service and coupled with a focused wealth management platform that meets our clients current and future financial needs. We continuously seek to enhance this proposition by working very closely with our key preferred partners such as EIS Asset management who have done extremely well ever since their inception in 2004."
Mr. Deon Vernooy, Head of EIS Asset Management, said, "We are very pleased to service the Al Shaheen investment clients by providing them with a full spectrum of funds covering all requirements and needs of various asset segments. Our investment philosophy focuses on investing in undervalued assets in order to create wealth on a sustainable basis."
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Emirates Bank hosts a private reception for Al Shaheen investment clients
- United Arab Emirates: Tuesday, December 11 - 2007 at 14:14
- PRESS RELEASE
Emirates Bank, an Emirates NBD Company, hosted a reception for its priority banking clients to thank them for their continued support and for investing into funds run by Emirates Investment Services Ltd.
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About Emirates Bank International PJSCEmirates Bank International PJSC is part of the Emirates NBD group, formed in 2007 by the merger of Emirates Bank International PJSCand National Bank of Dubai, two of the United Arab Emirates' (UAE) established and well-known financial institutions. Emirates NBD is now the second largest public listed company traded on the Dubai Financial Market. The merged entity has total assets of $53bn and deposits of over $31bn. Leveraging the expertise of 6000 employees, the group is the leading retail banking franchise in the UAE, with 100 branches and 430 ATMs; the leading UAE brokerage with a combined market share of 9.3%; a major player in the corporate banking arena, with a market share of almost a fifth; and a leading provider of asset management products with operations in Dubai and the Dubai International Financial Centre with total assets under management close to Dhs7bn.
In addition, Emirates Bank offers its customers priority banking services through its Al Shaheen.
About Emirates Investment Services Ltd (EIS)
EIS is a key pillar within the Emirates NBD group and operates out of the Dubai International Financial Centre (DIFC), under the regulation of the Dubai Financial Services Authority (DFSA). EIS's team of investment professionals has rapidly grown around a core of experienced managers. The team is made up of fourteen different nationalities, providing global insight into our investment process and collectively bringing more than 150 years of investment experience to the company. EIS's investment philosophy is centered around value investment principles and the strong belief that the acquisition of undervalued assets will deliver superior investment returns. Support for this philosophy has resulted in assets under management growing close to Dhs7bn in just over two years, making EIS one of the leading asset managers in the region. All collective investment schemes run by EIS are regulated by either the Guernsey Financial Services Commission (GFSC) or the Jersey Financial Services Commission (JFSC).
Posted by Anne-Birte Stensgaard, Senior News EditorTuesday, December 11 - 2007 at 14:14 UAE local time (GMT+4)
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