Complex Made Simple

Union National Bank wins “Best Treasury Management Project in the Middle East”

Award at The Asian Banker's Middle East and Africa Awards Ceremony 2015.

UNB was the proud recipient of the Award for the Best Treasury Management Project in the Middle East, by The Asian Banker for the Middle East & Africa Technology Implementation Awards 2015 that was held recently in Dubai.

The award was received on behalf of UNB by Mr. Farhan Sultan Hafesjee SVP & Chief Operating Officer, at the Asian Banker’s 2nd Annual Middle East and Africa Awards Ceremony held at the at The Ritz Carlton, DIFC, Dubai , last week.

UNB’s implementation of the Infosys’ Finacle Treasury solution to empower its Treasury and Capital Markets business, as well as integrate its trading, risk management and back office operations, Finacle, has also enabled UNB to extend its Fixed Income offering to newer markets in Europe and South East Asia and manage more asset types effectively.

Mr. Mohammad Nasr Abdeen, UNB CEO commented: “As we expand our operations regionally and globally, it is critical for us to deploy the right technology that allows us to effectively reach and serve our customers. Key operations within UNB’s back office, such as accounting, SWIFT and UAEFTS have now been completely automated with Finacle. This allowed UNB to manage increased business volumes without increasing headcount. I am glad that over the years, our focus on quality has been maintained and enhanced even as our operations have expanded significantly”.

“This a great honor to receive the prestigious – Best Treasury Management Project in the Middle East Award. UNB strives to provide its clients with innovative and customized investment solutions, offering them tailor-made portfolios to suit an individual’s risk profile and investment objectives. UNB’s strategic and tactical asset allocation is applied to meet the return and risk objectives of each investor and to take advantage of market opportunities, while preserving and enhancing capital. This award is yet another testimonial to UNB ‘s continued progress and distinguished achievement.” added Mr. Abdeen.

Award-winning banks and vendors attended the gala event that recognized their efforts in bringing superior products and services to their customers. The Asian Banker’s Middle East and Africa Awards are acknowledged by the financial services industry as the highest possible accolade available to professionals and banks in the industry.

Over 100 institutions from the Middle East and Africa were evaluated across 30 different countries. A stringent three-month evaluation process based on a balanced and transparent scorecard has been used to determine the winners.