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Winners were chosen based on the institutions' overall performance, innovations, improvements and growth over the last 12 months.
Stuart Crocker, Chief Executive Officer, HSBC Private Bank, UAE and Oman, commented:
"It is a pleasure to receive this award on behalf of my MENA colleagues around the world. We had a record year in 2008 and to be named at the top of the ranking is a tribute to the team's continued commitment to client service. We strive to offer innovative, competitive and customized wealth solutions in order to stay at the forefront of the private banking industry. We all have the privilege of developing long-term and ethical relationships with our clients. In times of crisis such as now, it is vital we stand alongside our clients and their families."
HSBC has a 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 90 private bankers and has strengthened its teams on the ground in Dubai, Abu Dhabi, Bahrain, Qatar, Kuwait and Lebanon.
The Banker Middle East Industry Awards 2009 is organized by CPI Financial, publishers of titles Banker Middle East and Islamic Business and Finance.
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Posted by Rana Mesbah
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