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Dubai: Emirates NBD Asset Management Limited, the asset management division of Emirates NBD, a leading bank in the region, has been named 'Cash Manager of the Year' at the Global Investor/ISF MENA Awards 2015.
Emirates NBD Asset Management received the award in recognition of its $1.8 billion fixed income business, specifically the management of the Emirates Islamic Money Market Fund, a Shari'a compliant money market fund. In addition, Emirates NBD Asset Management was acknowledged for the range of short-term liquidity solutions the bank offers to its clients through money market mandates, both in a conventional and Shari'a compliant format.
Tariq Bin Hendi, Chief Executive Officer, Emirates NBD Asset Management said:"This award recognises the continued innovation shown by the teamand our success in attracting capital from clients both from within the MENA region as well as from other markets around the world. It is testament to thequality and range of conventional and Shari'a compliant funds we offer, in addition to our expertise in providing cash management solutions to clientsacross the MENA and global markets. We will continue to build on this success, fine tune our proposition and meet the increased demand from our clients."
The recognition follows Emirates NBD Asset Management'striple win at the MENA Fund Manager Performance Awards 2015. Other recent company awards include:'Best MENA Fixed-Income Fund Manager 2015'by CFI.co (Capital Finance International); 'Fixed Income Manager of the Year' and 'CEO of the Year' at the 2014 Global Investor/ ISF Investment Excellence Awards; 'Best Investment Management Company 2014, UAE' at the World Finance Investment Management Awards 2014; and 'Best Regional Fund Manager' at the Banker Middle East Industry Awards.
Emirates NBD Asset Management, regulated by the Dubai Financial Services Authority (DFSA), is one ofthe leading asset managers in the MENA region, and manages a range of products including MENA equity and fixed income funds and portfolios, UAE real estate, global risk profiled funds and a complete range ofShari'a compliant instruments.
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About Emirates NBD
Emirates NBD is a leading banking Group in the region. As at 30th September 2015, total assets were AED 390.4 Billion, (equivalent to approx. USD 106 Billion).The Group has a leading retail banking franchise in the UAE, with more than 220 branches and over 900 ATMs and CDMs in the UAE and overseas. It is a major player in the UAE corporate and retail banking arena and has strong Islamic banking, Global Markets & Treasury, Investment Banking, Private Banking, Asset Management and Brokerage operations.
The Group has operations in the UAE, Egypt, the Kingdom of Saudi Arabia, Singapore, the United Kingdom and representative offices in India, China and Indonesia.
The Group is an active participant and supporter of the UAE's main development initiatives and of the various educational, environmental, cultural, charity and community welfare establishments.
About Emirates NBD Asset Management
Emirates NBD Asset Management, which is regulated by the Dubai Financial Services Authority, is the asset management division of Emirates NBD Bank, one of the largest banks by assets in the MENA region. The asset management entity manages a range of products including MENA equity and fixed income funds and portfolios, global risk profiled funds, UAE real estate and a complete range of Shari'a compliant instruments. The Emirates NBD Asset Management managed funds are domiciled both in Jersey (regulated by the Jersey Financial Services Commission) and Luxembourg (regulated by the Luxembourg Commission de Surveillance du Secteur Financier). At the end of December 2014, Emirates NBD Asset Management had assets under management of approximately AED 10.7bn.
For further information, please contact:
Ibrahim Sowaidan
Head - Group Corporate Affairs
Emirates NBD
Telephone: +971 4 609 4113 / +971 50 6538937
e-mail: ibrahims@emiratesnbd.com
Tricia Rego
ASDA'A Burson-Marsteller; Dubai, UAE
Tel: 971-4-4507600; Fax: 971-4-4358040
Email: tricia.rego@bm.com
© Press Release 2015
