Abu Dhabi/London (November 29, 2011) - Global Investor Magazine, published by Euromoney, the prestigious international banking magazine, awarded the National Bank of Abu Dhabi's (NBAD) Asset Management Group the UAE Best Asset Manager of the Year Award.

In awarding NBAD's Asset Management Group the UAE Best Asset Manager of the Year Award, Global Investor recognised it for its innovative products and superior services.

NBAD's Asset Management Group has greatly enhanced the diversity of financial products in the UAE market by introducing a number of innovative financial products that expanded investors' options.

 The Group launched the GCC's first exchange-traded fund in 2010, the NBAD OneShare Dow Jones UAE 25 ETF, which was named the Best Investment Product in the prestigious Banker Middle East Products Award 2011 sponsored by Banker Middle East magazine.

AMG also launched 100% capital-protected commodity basket investment, a highly innovative product that allows investment in five commodities and offers investors the potential for attractive returns. The NBAD 100% Capital protected 5-in-1 Commodity basket investment is 100% capital guaranteed by NBAD and offers investors the unique opportunity to capture upside in the highly exciting commodity markets without exposing themselves to downside risk if held to maturity.

"The UAE is an affluent market yet the financial services industry has not offered the variety and diversification in financial products that investors seek and that would help this market grow," said Alan Durrant, the Group Chief Investment Officer and General Manager of Asset Management Group. "Our focus has been to address this shortcoming in the market and the products we introduced or are in making would enhance investors' options and would contribute to developing the UAE financial markets to world class level."

NBAD's Asset Management Group (AMG) is one of largest asset managers in the region with more than AED 5 billion under its management including equities, fixed income and Sukuk.

Mr. Durrant continued: "I am humbled and thankful to Global Investor and Euromoney for this award. I think being recognised by a prestigious international publication is a testament to our efforts and success to expand domestically-produced financial products that expand investors' choices and contribute to the development of the UAE financial industry."

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About NBAD

The National Bank of Abu Dhabi (NBAD), The Number One Bank in UAE, was incorporated in 1968 and is listed on the Abu Dhabi Securities Exchange (ADX), under stock code (NBAD).

Ranked as one of the top 50 safest banks in the world, NBAD currently operates across 13 countries on four continents.

NBAD has a network of 116 branches and 483 ATMs to provide banking services to customers all over the UAE.
Besides brick & mortar branches, NBAD provides 24 hour internet banking access through NbadOnline and NbadDirect, the SMS-based payment service (Arrow) as well as account access and personalised customer support through its 24-hour Call Centre.

NBAD's overseas network stretches from Oman, Kuwait, and Bahrain in the G.C.C.; Egypt, Libya, and Sudan in Africa; UK, France, and Switzerland in Europe; Hong Kong and Jordan in Asia to Washington, D.C. in the U.S.A. Overall, NBAD has nearly 50 branches and 60 ATMs outside the UAE.
NBAD provides its customers with a wide variety of financial services targeting all segments of the consumer and corporate markets.

NBAD is rated senior long term/short term A+/A-1 by Standard and Poor's, Aa3/P1 by Moodys and AA-/F1+ by Fitch giving it one of the strongest combined rating of any Middle Eastern financial institution.

For further enquires, please contact:
Ehab Khairi
Media & PR Manager
National Bank of Abu Dhabi
Tel: +97126111190
Email: ehab.khairi@nbad.com
Web: www.nbad.com

© Press Release 2011