Emirates NBD Private Banking named ‘Best Local Bank’ in UAE by Euromoney

Published February 24th, 2010 - 11:45 GMT

Emirates NBD Private Banking, a provider of bespoke wealth management solutions, announced today that it has been named the “Best Local Bank in the UAE” in the 2010 Euromoney Private Banking Survey, which is based primarily on the views of private banking professionals from across the world. This is the fourth 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 2010 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.

“Based on our global knowledge and depth of experience in the region, while drawing upon the heritage and leading retail banking franchise of the Emirates NBD Group, we continue to explore innovative strategies to nurture and grow our clients’ wealth,” said Jamal Bin Ghalaita, Group Deputy Chief Executive Officer, Emirates NBD. “We are very grateful to Euromoney, and to our peers across the world, for this important recognition of our achievements in that regard.”

“Emirates NBD Private Banking provides exclusive services for its clients in Dubai, Abu Dhabi, Riyadh, London, Jersey and is planning to begin operations in Singapore 2010.” said Robbert Jan Voogt, General Manager, Private Banking, Emirates NBD. “In line with the Emirates NBD Group’s expansion strategy, the bank intends to further increase its private banking reach and range of wealth management solutions. “

“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 and a full range of Sharia-compliant products and services,” continued Voogt.


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