Emirates NBD opens first Private Banking Centre in Abu Dhabi

Published February 23rd, 2010 - 01:05 GMT

In line with increasing demand for its bespoke wealth management solutions, Emirates NBD, the largest banking group in the Middle East in terms of assets, announced today the official inauguration of its first Private Banking Centre in Abu Dhabi. Emirates NBD’s fourth Private Banking Center now in operation in the country, complements the bank’s existing presence with three offices in Dubai, an office in London, in addition to the international expansion plan to other regions.

Emirates NBD Private Banking provides clients with a dedicated private banker and a team of investment professionals, offering a portfolio of innovative services across all asset classes, including equity investments, bonds, mutual funds, real estate advisory, trusts and a full range of Sharia-compliant products and services.

“On behalf of Emirates NBD, I am extremely pleased to announce the inauguration of our first Private Banking Centre in Abu Dhabi, demonstrating our commitment to meeting the diverse needs of our customers across the UAE,” said Jamal Bin Ghalaita, Group Deputy CEO, Emirates NBD.

“Drawing on our expert knowledge and depth of experience in the region and across the globe, Emirates NBD Private Banking offers a gateway to the Middle East for global investors” he said. “We look forward to providing our clients in Abu Dhabi with convenient service, tailored precisely to meet their evolving investment requirements.”

“Today more than ever, investors are seeking sustainable asset allocation strategies in line with global trends and hence the provision of personalized, specialist financial advisory is very valuable,” said Robbert Jan Voogt, General Manager, Private Banking, Emirates NBD.

“Emirates NBD Private Banking offers a wide portfolio of services to ensure the sustainable financial success of all our clients, despite the continuing volatile conditions worldwide.” he added. “We are confident that our clients in Abu Dhabi will appreciate our personalized approach to developing individual strategies to nurture and grow their wealth.”

Emirates NBD Private Banking has won numerous awards including “Best Local Private Bank” by Euromoney, “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’s Private Banking Centre in Abu Dhabi is located in the Khalidiya Area of Abu Dhabi. The centre is open from 8AM-4PM from Sunday-Thursday.

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