Emirates NBD wins Euromoney Best Private Banking Services Overall in UAE

Press release

Published February 6th, 2011 - 09:39 GMT

Al Bawaba

Emirates NBD Private Banking, a provider of bespoke wealth management solutions, announced today that it has been named the winner of the “Best Private Banking Services Overall in UAE” award in the 2011 Euromoney Private Banking Survey, which is based primarily on the views of private banking professionals from across the world. This is the fifth time that Emirates NBD Private Banking has received this significant mark of industry recognition from one of the world’s leading financial services titles.

The Euromoney Private Banking Survey is a unique guide to the leading wealth management firms in over 70 countries worldwide. In addition to polling the opinions of private banking professionals, these rankings take into consideration criteria such as assets under management, ratio of clients to relationship managers, and range of services offered.

The top ranking in the 2011 Euromoney Private Banking Survey follows a string of similar accolades for Emirates NBD, including “Outstanding Private Bank in the Middle East” by Private Banker International, “Best Private Bank – Middle East” by Arabian Business, “Best Emerging Market Bank” and “Best Bank in the UAE” by Global Finance, and “Best Bank in the UAE” by Banker Middle East.

“Emirates NBD Private Banking has grown both in size and reach over the past year,” said Jamal Bin Ghalaita, Group Deputy Chief Executive Officer, Emirates NBD. “This in line with the bank’s overall strategy and has been achieved through our dedication to grow our client’s wealth via a range of tailor-made wealth management solutions. With our newly-launched Asia Pacific branch in Singapore, Emirates NBD Private Banking now provides exclusive services for its clients in Dubai, Abu Dhabi, Riyadh, London, Jersey and Singapore.”

“We are delighted to once again receive this award,” said Gary Dugan, Chief Investment Officer and Acting General Manager, Private Banking, Emirates NBD. “I believe our success stems from a number of strengths in our division, including our large multinational team of bankers, solution specialists and investment professionals, who offer our clients a wealth of regional and international experience.”

Emirates NBD Private Banking provides clients with a dedicated private banker and investment professionals, offering a portfolio of innovative services across all asset classes, including real estate advisory, trusts, a full range of Sharia-compliant products and services, and the recently-introduced, advisory services for investments into fine arts.

Background Information

Emirates NBD

Emirates NBD, the leading banking group in the region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across corporate, retail, private, Islamic and investment banking throughout the region.