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Dubai - UAE - Mashreq, one of UAE's leading financial institutions, was selected "Best Private Bank for Super Affluent Clients in the UAE" in the prestigious Euromoney's 13th annual private banking survey for 2016. This year, Mashreq made its way on top of the ranking, voted best in the category of net-worth-specific services, including Super affluent clients (US$ 1 million to US$ 5 million).
Euromoney's Private Banking Survey provides an annual gauge into the world's best service and product providers to the world's high net worth individuals. This year, close to 600 institutions took part in the survey, spanning 90 countries and collecting 2,616 responses. The data is compiled by the industry's experts and analysts worldwide.
"Awarding Mashreq with the prestigious title of 'Best Private Bank for Super Affluent Clients in the UAE' reflects our position as a key player in the private banking sector and puts us at the forefront of the industry," said Subroto Som, Head of Retail Group, Mashreq. "Over the years, Mashreq has been growing at a steady pace. Investing in innovation and digital transformation has helped Mashreq develop and gain customer trust, and securing long-term customer relationship is of upmost importance for us."
Ayman Abuhabsa, Head of Private Banking, Mashreq, commented: "We are thrilled and honored to be recognized for our endeavors to extend excellence to our customers. Three years ago, we embarked on a clear and defined journey to revolutionize our Private Banking services, and this award proves that we are moving on the right track to fulfill our goal.It is equally an important reminder of the trust and confidence that our clients place in us and reflects the Private Bank's success in achieving an obvious, yet challenging, goal - to recognize each of our clients as an exceptional individual and provide the service that embraces such individuality."
The Private Banking arm of Mashreq continues to grow from strength to strength. Since inception in 2013, the Private Banking has recorded sustainable results. Not only has the unit become a significant contributor to the Bank's retail operations, but more importantly, it has positioned Mashreq as a key player in the private banking space.
Mashreq's Private Banking arm offers clients safety, delivery, consistency, confidentiality and above all continuity. The Private Bank covers a large client base from the region and the rest of the world extending a deep suite of solutions and services that include red carpet banking, investments, financing and wealth structuring.
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© Press Release 2016
