David Marshall, Senior Executive Officer, Emirates NBD Asset Management
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Emirates NBD Asset Management Limited, the asset management arm of Emirates NBD, a leading bank in the region, announced today that it received the award for ‘UAE Asset Manager of the Year’ at the 2013 Global Investor/ISF Middle East awards. In addition, Emirates NBD Asset Management was also recognized as the ‘Fixed Income Manager of the Year’ at the recently held awardsceremony in Doha, Qatar.
This is the second year in succession that Emirates NBD Asset Management has been recognized as ‘UAE Asset Manager of the Year’ at the Global Investor/ISF Middle East Awards. In 2012, it was also named ‘Sukuk Manager of the Year.’ Additionally, Emirates NBD Asset Management also won the award for ‘MENA Sukuk Manager of the Year’ at the 2012 Global Investor/ISF Investment Excellence Awards.
“The asset management industry is a rapidly growing one in the UAE, backed by a vast pool of wealth and an increasing appetite for professionally managed portfolios,” said David Marshall, Senior Executive Officer, Emirates NBD Asset Management. “We are proud to be named as the country’s leading asset manager in 2013 as determined by a reputed global financial publication, as this further underlines our expertise to provide tailor made solutions to meet the specific wealth management requirements of our clients. The award is also a testament to Emirates NBD Asset Management’s contribution towards creating a supportive and secure environment for the growth of the funds industry in the UAE.”
Recent reports indicate that by 2017, the UAE will be home to 69,000 millionaires with total assets worth AED987 billion.
The Emirates MENA Fixed Income Fund is one of the longest running fixed income funds in the region, with a solid track record, as evidenced by its ‘Silver’ grading by S&P. It has returned 34% since its inception compared to a 27% return in the benchmark and is currently USD170m in size. The fixed income team at Emirates NBD Asset Management currently manages approximately USD1bn in assets, including this fund, as well as the USD122m Emirates Global Sukuk Fund.
The annual Global Investor/ISF Middle East awards celebrate the best of the region’s financial services industry including asset management and asset servicing, and the winners are decided by the editorial panel of the Global Investor/ISF magazine in partnership with industry experts from around the region.The entries were judged on performance as well as qualitative and structural criteria, with the winners announced at a recent summit attended by top industry players.
The Global Investor/ISF Middle East awards are among three prestigious award ceremonies for the financial services industry, organised each year by the Global Investor/ISF magazine, which connects the industries of asset management, asset servicing and securities finance. The other awards include The Global Investor Investment Excellence Awards for the asset management industry and The ISF EquityLending and Synthetic Finance Awards.