National Bank of Abu Dhabi
Global Investor Magazine, published by Euromoney, the prestigious international banking magazine, awarded the National Bank of Abu Dhabi’s (NBAD) Asset Management Group the UAE Best Asset Manager of the Year Award.
In awarding NBAD’s Asset Management Group the UAE Best Asset Manager of the Year Award, Global Investor recognised it for its innovative products and superior services.
NBAD’s Asset Management Group has greatly enhanced the diversity of financial products in the UAE market by introducing a number of innovative financial products that expanded investors’ options.
The Group launched the GCC’s first exchange-traded fund in 2010, the NBAD OneShare Dow Jones UAE 25 ETF, which was named the Best Investment Product in the prestigious Banker Middle East Products Award 2011 sponsored by Banker Middle East magazine.
AMG also launched 100% capital-protected commodity basket investment, a highly innovative product that allows investment in five commodities and offers investors the potential for attractive returns. The NBAD 100% Capital protected 5-in-1 Commodity basket investment is 100% capital guaranteed by NBAD and offers investors the unique opportunity to capture upside in the highly exciting commodity markets without exposing themselves to downside risk if held to maturity.
“The UAE is an affluent market yet the financial services industry has not offered the variety and diversification in financial products that investors seek and that would help this market grow,” said Alan Durrant, the Group Chief Investment Officer and General Manager of Asset Management Group. “Our focus has been to address this shortcoming in the market and the products we introduced or are in making would enhance investors’ options and would contribute to developing the UAE financial markets to world class level.”
NBAD's Asset Management Group (AMG) is one of largest asset managers in the region with more than AED 5 billion under its management including equities, fixed income and Sukuk.
Mr. Durrant continued: “I am humbled and thankful to Global Investor and Euromoney for this award. I think being recognised by a prestigious international publication is a testament to our efforts and success to expand domestically-produced financial products that expand investors’ choices and contribute to the development of the UAE financial industry.”