•One of two awards at the 2013 Global Investor/ISF Middle East awards
•Also wins recognition as the Fixed Income Manager of the Year 2013
Dubai, December 14, 2013: Emirates NBD Asset Management Limited, the asset management arm of Emirates NBD, a leading bank in the region, announced today that it received the award for 'UAE Asset Manager of the Year' at the 2013 Global Investor/ISF Middle East awards. In addition, Emirates NBD Asset Management was also recognized as the 'Fixed Income Manager of the Year' at the recently held awards ceremony in Doha, Qatar.
This is the second year in succession that Emirates NBD Asset Management has been recognized as 'UAE Asset Manager of the Year' at the Global Investor/ISF Middle East Awards. In 2012, it was also named 'Sukuk Manager of the Year.' Additionally, Emirates NBD Asset Management also won the award for 'MENA Sukuk Manager of the Year' at the 2012 Global Investor/ISF Investment Excellence Awards.
"The asset management industry is a rapidly growing one in the UAE, backed by a vast pool of wealth and an increasing appetite for professionally managed portfolios," said David Marshall, Senior Executive Officer, Emirates NBD Asset Management. "We are proud to be named as the country's leading asset manager in 2013 as determined by a reputed global financial publication, as this further underlines our expertise to provide tailor made solutions to meet the specific wealth management requirements of our clients. The award is also a testament to Emirates NBD Asset Management's contribution towards creating a supportive and secure environment for the growth of the funds industry in the UAE."
Recent reports indicate that by 2017, the UAE will be home to 69,000 millionaires with total assets worth AED987 billion.
The Emirates MENA Fixed Income Fund is one of the longest running fixed income funds in the region, with a solid track record, as evidenced by its 'Silver' grading by S&P. It has returned 34% since its inception compared to a 27% return in the benchmark and is currently USD170m in size. The fixed income team at Emirates NBD Asset Management currently manages approximately USD1bn in assets, including this fund, as well as the USD122m Emirates Global Sukuk Fund.
The annual Global Investor/ISF Middle East awards celebrate the best of the region's financial services industry including asset management and asset servicing, and the winners are decided by the editorial panel of the Global Investor/ISF magazine in partnership with industry experts from around the region. The entries were judged on performance as well as qualitative and structural criteria, with the winners announced at a recent summit attended by top industry players.
The Global Investor/ISF Middle East awards are among three prestigious award ceremonies for the financial services industry, organised each year by the Global Investor/ISF magazine, which connects the industries of asset management, asset servicing and securities finance. The other awards include The Global Investor Investment Excellence Awards for the asset management industry and The ISF Equity Lending and Synthetic Finance Awards.
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About Emirates NBD:
Emirates NBD is a leading banking Group in the region. As at 30th September 2013, total assets were AED 332.3 billion. The Group has a leading retail banking franchise in the UAE, with 210 branches and over 921 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 Jersey (Channel Islands), 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 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 October 2013, Emirates NBD Asset Management had assets under management of approximately AED 7.6bn.
For further information, please contact:
Hala Zamani | Hassan Al Khuwaildi
Communications
Group Marketing, Emirates NBD
Tel: 971-4-6093458 | 971-4-6093459
Mob: 971 50 8595599/ 971 50 7454454
Email: halaZ@emiratesnbd.com | hassanAl@emiratesnbd.com
Sudha Chandran | Hiba Moussa
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-4507600 Fax: 971-4-4358040
Email: Sudha.chandran@bm.com | hiba.moussa@bm.com
Disclaimers
Information and opinions contained herein have been compiled or arrived at by Emirates NBD Asset Management Limited ("Emirates NBD AM") from sources believed to be reliable but Emirates NBD AM cannot accept liability for any loss arising from the use hereof nor make any representation as to their accuracy or completeness. The opinions expressed herein are not intended to serve as authoritative investment advice. It may not be used or considered as an offer to sell, or a solicitation of any offer to buy, any investment. Emirates NBD AM therefore accepts no liability whatsoever for any direct, indirect or consequential loss arising from the use of this document. The price of units or shares and the income from them can go down as well as up. An investor may not get back the full amount invested. Past performance is not indicative of future performance. It should be noted that investments might not be readily marketable and it may therefore be difficult for an investor to sell his/her investment in any fund.
© Press Release 2013