Named UAE Asset Manager of the Year for third consecutive year

Awarded Fixed Income Fund of the Year for the Emirates MENA Fixed Income Fund as well as Real Estate Fund of the Year for the Emirates Real Estate Fund

Dubai, February 16, 2015

Emirates NBD Asset Management Limited, the asset management arm of Emirates NBD, a leading bank in the region, has once again received industry recognition for its stellar performance and research-driven approach to fund management.

The company bagged a triple win at the sixth annual MENA Fund Manager Performance Awards 2015, recently held in Dubai, UAE. Emirates NBD Asset Management (Emirates NBD AM) was named UAE Asset Manager of the year, for the third consecutive year, and was also awarded Fixed Income Fund of the Year for the Emirates MENA Fixed Income Fund. This fund has a 5-year track record in March 2015 and is over USD200 million in size. In addition, the company won Real Estate Fund of the Year for the Emirates Real Estate Fund, which has a 10-year track record this year and is USD 360 million in size.

The winners were selected by representatives from MENA Fund Manager, a panel of leading institutional and private investors and industry experts, and judges based their decision on fund performance as well as qualitative and structural criteria. The MENA Fund Manager Performance Awards recognise the region's leaders in fund management annually at a distinguished ceremony, which is the single largest gathering of fund managers in the industry's calendar.

David Marshall, Senior Executive Officer, Emirates NBD Asset Management said: "This industry recognition stands testament to the solid and unique proposition built by Emirates NBD Asset Management. In a short span of time, we have created a multi-faceted asset management platform that sets the regional benchmark."  

"We are delighted to be awarded UAE Asset Manager of the Year for the third year running and we are also very proud to have won two additional awards for our funds. With our strong in-house investment expertise, driven by our disciplined research-centered approach to fund management, we aim to continue to service the complex requirements of investors in the UAE and abroad," continued Marshall.

The triple win at the MENA Fund Manager Performance Awards 2015 is the latest in a series of industry accolades received by Emirates NBD AM. Some of the recent awards include: 'Fixed Income Manager of the Year' and 'CEO of the Year' at the 2014 Global Investor/ ISF Investment Excellence Awards; 'Best Investment Management Company 2014, UAE' at the World Finance Investment Management Awards 2014; and 'Best Regional Fund Manager' at the Banker Middle East Industry Awards.

Emirates NBD Asset Management, regulated by the Dubai Financial Services Authority (DFSA), is a leading asset manager in the Middle East region, and manages a range of products including MENA equity and fixed income funds and portfolios, UAE real estate, global risk profiled funds and a complete range of Shari'a compliant instruments.

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About Emirates NBD
Emirates NBD is a leading banking Group in the region.  As at 31st December 2014, total assets were 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 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, UAE real estate 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 December 2014, Emirates NBD Asset Management had assets under management of approximately AED 10.7bn.

For further information, please contact:
Ajith Henry
Communications - Group Marketing, Emirates NBD
Tel: 971-4-3874421
Mob: 971 55 6612391
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