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Emirates NBD, a leading bank in the Middle East,has been named "Best Private Bank in the UAE for Philanthropy and Social Impact Investing" by pre-eminent international finance magazine Euromoney. The awards were presented at the 2015Euromoney Private Banking Awards Dinner in London.
On presenting Emirates NBD with the award, Clive Horwood, Editor of Euromoney Magazine, noted: "Each year through our survey the industry recognizes the brightest and the best institutions in global Private Banking. In a challenging and competitive market, this year's winners have continued to invest in the people and resources necessary to service their clients' needs.
"Social impact investing, the art of putting money to work for both profit and positive social impact, is still in its infancy as an industry, but it has the potential to become part of the fabric of financial markets. Through the survey respondents, Emirates NBD won the award in recognition of its commitment to driving this industry forward."
Speaking on the award win, Saod Obaidalla, Head of Private Banking for the Gulf Region at Emirates NBD, said: "Emirates NBD is among the first banks in the region to recognize the power of impact investing. The private banking team is committed to furthering this concept among clients that will better serve the community while providing a healthy return on investment."
Emirates NBD Private Banking division is currently the leading private bank in the UAE, and has several achievements to its credit. The Private Banking division has expanded regionally and internationally with dedicated Emirates NBD Private Banking centres being established in Dubai, Abu Dhabi, London, Riyadh and Singapore. Since its establishment in 2007, Private Banking has achieved significant growth in combined assets and liabilities, as well as in client portfolios.
Regarded as the benchmark awards for the global private banking industry, the Euromoney Private Banking Awards are now in their 12th year. The survey provides a qualitative and quantitative review of the best services in private banking, by region and by areas of service. It is an informative guide for high net-worth individuals on the range of professional wealth management service providers that are available. Factors such as assets under management, profitability, ratio of clients to relationship managers, and services offered, among other things, are all considered in developing the ranking of top private banks.
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About Emirates NBD
Emirates NBD is a leading banking Group in the region. As at 31st December 2014, total assetswere AED 363 billion, (equivalent to USD 98.8).The Group has a leading retail banking franchise in the UAE, with more than 215 branches and over 889 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, Qatar, 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 Euromoney Magazine
Euromoney Magazine is the flagship title of London based financial communications company Euromoney Institutional Investor PLC. Founded in 1969 by Sir Patrick Sergeant, Euromoney Magazine is the voice of the international capital markets and for over 40 years has offered unparalleled coverage of the global bond, equity and foreign exchange markets Euromoney Institutional Investor PLC is a constituent of the FTSE-250 index and is listed on the London and Luxembourg Stock Exchanges.
For further information about Euromoney, please contact:
William Powell
Deputy Publisher
Euromoney Magazine
T. 00 44 207 779 8683 Email: wpowell@euromoney.com
For further information about Emirates NBD, please contact:
Ajith Henry
Communications - Group Marketing, Emirates NBD
Tel: 971-4-3874421
Email: AjithH@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
