National Bank of Abu Dhabi (NBAD) Global Wealth Division, comprising of both the Private Bank and Asset Management units, was recently honoured with several prestigious awards by professional entities for its expertise and excellence in wealth management in the UAE and across the region.
- UAE Private Bank award by Wealth Briefing GCC Region Awards 2015 (4th November 2015);
- Best Private Bank in the UAE- 2015 by The Banker & Professional Wealth Management Magazine Awards 2015 (November 2015) for the 4th consecutive year;
- UAE Fixed Income Manager of the Year Award by Global Investor/ISF MENA Capital Markets Summit and Awards 2015 (28 October 2015);
- Editors Award ETF provider by Wealth Briefing GCC Region Awards 2015.
The new awards recognise the impressive growth in assets under management and revenues – growth mainly attributable to its development of a client-centric culture focused on long-term relationship building. Judges, including experts from various private banks and trusted advisors valued the industry knowledge showcased by NBAD’s ‘Global Investment Outlook 2015’ and ‘Global Financial Markets Forum’ which offered clients critical insight into the investment environment.
Mr. Ashraf Mazahreh, NBAD’s Head of Private Banking UAE, said: “We are honoured to be recognised as the “Best Private Bank of the Year – UAE 2015” by The Banker & Professional Wealth Management Magazine for the fourth consecutive year in a row. Recognition has not been restricted to one industry publication; we are starting to be noticed across the board. Testimony of this is that we are receiving the same accolade this year from the Wealth Briefing GCC Region Awards, which also recognizes our continuous achievements of client preference and robust growth in our business. This can only reflect our clients’ growing confidence in our wealth management capabilities.”
Mr Mazahreh added: “We have succeeded over the period in building a strong team of qualified private bankers who can understand client needs and offer them tailor-made investment solutions to preserve and grow their wealth through consistent best in class service.
Our focus remains on becoming the reference Private Bank for the Arab world. We will continue to provide innovative investment solutions over a range of diversified platforms, by developing a hub-and-spoke approach with multi-booking centres across four geographical areas – the United Arab Emirates, Egypt, the UK and Switzerland – unified into one global team.
Claude-Henri Chavanon, NBAD’s Managing Director of Global Asset Management said: “These awards are a testament to our capabilities, experience and strong performance in the market place and clearly indicate NBAD has distinct and valuable investment products to offer. NBAD is the only financial institution in the UAE to establish an ETF. We also have a broad range of investment solutions that provide for an efficient way to access global financial markets across asset classes. We remain focused and committed to managing and delivering competitive performance.”
NBAD was recognized as a leader in fixed income fund management and the first provider of the Exchange Traded Funds (ETF) in the region. The bank’s fund range covers a diverse range of assets classes and geographies alongside fixed income, including ETFs, Sukuk funds, and equity-based funds. Over the last two years, NBAD’s fixed income offering has excelled particularly in the UAE.