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DUBAI: Bank of America Merrill Lynch was named 2018 Best Foreign Investment Bank in the UAE at the annual EMEA Finance Middle East Banking Awards held at the Shangri La Hotel in Dubai. For 11 years, EMEA Finance has recognized the achievements of the region’s retail and investment banks, asset managers, and brokers.
The 2018 Best Foreign Investment Bank in the UAE announcement comes just weeks after Bank of America Merrill Lynch was also recognized as 2018 Best Foreign Investment Bank in Ghana by EMEA Finance.
Bank of America Merrill Lynch earned the honor based on key landmark transactions proving its strong commitment to clients in the UAE and the MENA region. The bank was the joint lead arranger for ADES International Holding’s $450 million syndicated loan 2018, and also acted as a financial advisor to Abu Dhabi National Oil Company on its US$4 billion pipeline infrastructure investment agreement with BlackRock and KKR & Co. Bank of America Merrill Lynch was also appointed by Abu Dhabi’s state investor International Petroleum Investment Company (IPIC) to reorganise $6 billion of debt, following IPIC’s merger with state investment fund Mubadala.
Wadih Boueiz, global head of Sovereign Wealth Funds and Public Pensions Funds and co-head of Corporate and Investment Banking for the Middle East and North Africa (MENA) at Bank of America Merrill Lynch, said:
“Being recognised as the ‘Best Foreign Investment Bank in the UAE’ is a testament to the successful regional franchise we have built, which offers clients a unique platform combining the best of our global and local expertise. Our investment banking team consists of some of the industry’s top regional professionals who understand the market and offer solutions tailored to meet specific client needs, as well as a proven track record of successfully executing landmark transactions. We believe that being a one-stop shop for our clients helped us become an advisor of choice for MENA institutions. We have cemented strong relationships with sovereign and corporate clients across various sectors, providing them access to capital and investment opportunities globally.”
Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 1,800 lending centers, 2,200 Merrill Edge investment centers and 1,500 business centers; approximately 16,300 ATMs; and award-winning digital banking with more than 36 million active users, including over 26 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured • May Lose Value • Are Not Bank Guaranteed.
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