Press Release

Emirates NBD Private Banking, the wealth management arm of the region’s largest bank in terms of assets in the region has been recognized as «The Outstanding Private Bank for the Middle East» at the «19th Private Banker International Wealth Summit and Awards» in Singapore.

Commenting on this great accolade, Jamal Bin Ghalaita, Deputy CEO at Emirates NBD, said: “This prestigious award is a fitting tribute to our clearly defined investment strategies, as shown by the continuing growth of our business across the region and leading position amongst GCC private banks.

Emirates NBD Private Banking has embarked on the most aggressive journey into the private banking sphere. We have clearly demonstrated a concise and unique strategy that made our business grow regionally and which eventually placed us at the top of all GCC private banks.” Robbert Jan-Voogt, GM, Emirates NBD Private Banking was equally pleased; “Winning this award is a great honor indeed for Emirates NBD. It further confirms our relentless commitment towards excellence and demonstrates the confidence our customers have in our expertise.”

The Private Banker International Awards have been created to acknowledge industry leaders and identify the best practice institutions; institutions that have done the most in the past year to advance and strengthen the wealth management industry. The primary aim of the awards is to highlight the most successful institutions in the region and honor them for the role they have played in setting new financial and economic parameters for others to emulate.

The awards follow stringent criteria for assessing the applications received, and every aspect of the applicant’s performance that has lead to its outstanding business achievement is reviewed before the winner is chosen. Emirates NBD Private Banking has emerged as a Private Banking leader in the Middle East, surpassing its competitors in areas of innovation, holistic wealth management, overall client relationship and service delivery.

The Private Banker International Award becomes the latest addition to the distinguished roster of awards that Emirates NBD group has won in recent past. These awards represent the bank’s unwavering focus and dedication to maintaining the highest levels of excellence across all its divisions. Emirates NBD Private Banking has previously won the Best Private Bank award in the UAE for – 2009, 2007 and 2006 by Euromoney.

Furthermore, Emirates NBD has been the recipient of several prestigious awards such as Best Bank in the UAE by The Banker Middle East, Bank Quality Recognition Award by JP Morgan Chase and Best Retail Bank in UAE by the Asian Banker to name a few.

Emirates NBD Private Banking has come a long way since its inception two years ago. With a team of over 50 highly qualified and experienced private bankers and a robust investment team, Emirates NBD Private Banking is all set to become the Private Bank of choice in the region. Besides the UAE, Emirates NBD Private Banking has diversified its footprint across London, KSA, Qatar, Singapore and the Jersey Channel Islands.

National Bank of Dubai
Date: 22.10.2009

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