Emirates NBD named Best Local Private Bank in the Middle East 2016 by Private Banker International Middle East
Emirates NBD, a leading bank in the area, was named Best Local Private Bank in the Middle East at the 2016 Private Banker International (PBI) Middle East Awards. The bank was presented with the award at a gala dinner that was held in conjunction with the Private Banking Middle East Conference at the Ritz Carlton Hotel in Dubai recently.
The awards, in their inaugural year, were released by PBI, a global briefing service for the wealth management market, to celebrate excellence in the GCC area's growing private banking industry. Winners were selected by an evaluating panel making up independent specialists in wealth management and members of the PBI editorial group. Emirates NBD scooped up the greatest award for regional personal banks for the night.
Commenting on the win, Saod Obaidalla, Executive Vice President, Head of Private Banking stated: "It is an honour to be the first winner in the 'Best Local Private Bank' category. Our private banking unit has actually revealed impressive efficiency and growth last year and continues to be a key sector for our growth in 2016. This year, we have introduced our 'Opportunities to Inspire' project that will focus on 3 pillars of wealth management: succession planning, expansion and growth and investment opportunities. We believe this program will further raise the incredibly strong profile of our private banking business.
The award follows closely after the bank's wealth management division was recognised at the Banker Middle East UAE Product Awards 2016 for Best Wealth Management Service/Proposition. The growing HNWI and UHNWI (high net worth and ultra-high net worth) market in the GCC has actually been an essential factor in the bank's strategic focus on providing award-winning private banking services.
Emirates NBD Private Banking has local strategic focus in Dubai, Abu Dhabi and Riyadh in addition to globally in London and Singapore with experienced and knowledgeable coverage groups of private bankers and financial investment advisors offering an unparalleled range of investment solutions with client service to the highest standard, catering not only to individuals, but also family offices and select institutional investors.
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