HSBC Private Bank voted best private bank in the Middle East

In addition to this, HSBC Private Bank also won the best Islamic banking services and the best equity portfolio management in the Middle East.

Pierre Pissaloux, Global Head, Middle East & North Africa, HSBC Private Bank (Suisse) SA said: "There is no greater accolade than gaining third-party endorsement from industry peers and clients. To be publicly recognised at these prestigious awards attests to the high level of service and expertise we provide in all areas of private banking to our ever-growing customer base in the region. We leverage the synergy of our integrated banking business by efficiently combining retail, commercial and investment banking skills and expertise to the benefit of our clients."

Stuart Crocker, CEO, UAE & Oman HSBC Private Bank said:

"Drawing on the strength of the HSBC Group and the best products from the marketplace, we work with our clients in the Middle East to develop innovative solutions to manage, preserve and develop wealth for now and for future generations. We do this by developing long-term ethical relationships through a culture of integrity and high performance.'

HSBC has deep-rooted presence in the Middle East that spans over a century. HSBC Private Bank has identified the Middle East as a high growth region which currently accounts for about 10% of the bank's wealth management business. The bank has expanded its team in the Middle East to more than 200 private bankers and has strengthened its teams on the ground in Dubai, Abu Dhabi, Oman, Bahrain, Qatar and Kuwait.

The Euromoney survey reflects the views of advisors to private clients as well as other wealth management companies. It takes into account a wide range of criteria including assets under management, profitability, ratios of clients to relationship managers and the services offered.