Middle East Awards 2013: Regional Awards
Since the start of 2013, NBAD’s Asset Management Group has managed to buck industry trends and added assets under management (AuM) in excess of $681m at a time when other managers were losing assets. Total AuMs now stand at over $2bn as of July 31 2013. Wins have been seen on multiple fronts with fixed income, equities, multi manager and hedge funds all participating to offer a well-diversified portfolio. NBAD has a proud history of innovation in the asset management arena going back over a decade. What is particularly notable about this increase in assets under management is that the all of the inflows have been into NBAD-owned and managed products, relyrange of offerings provides investors with attractive risk-adjusted returns through exposure to a diversified range of offerings. In addition it has introduced three global asset allocation funds, which act as the investment engine for the firm’s recently launched initiative of providing pension schemes for expats, written into trust to protect their assets. NBAD has bold expansion plans and will be adding further asset classes over the coming months and expects to introduce some exciting initiatives over the coming months. Against a backdrop of weak markets and many asset managers downsizing or closing, it believes that this long term commitment to continue to devote such significant resources to analysing and managing investments sets it apart and continues to give its investors comfort. |
INTERNATIONAL ASSET MANAGER: ING Investment Management Middle East |
ING Investment Management (ING IM) Middle East was one of the first global asset managers to have a fullfledged office in the United Arab Emirates. The firm has two objectives; attracting global investments into various Middle East sectors through the local equity markets; and providing regional clients with the opportunity to invest through ING IM’s global investment platform, whilst providing top class service to its clients. |
For the fifth consecutive year, Jadwa Investment’s three flagship funds were amongst the top three performers in their respective categories, with Jadwa Saudi Equity Fund and Jadwa Arab Markets Equity Fund the best performing funds in 2012 amongst their peers. |
Emirates NBD Asset Management (ENBD AM) is one of the strongest regional asset management companies in Mena. The ENBD AM team runs three public funds, the Emirates Islamic Money Market Fund, the Emirates Global Sukuk Fund and the Emirates MENA Fixed Income Fund. It also runs a series of segregated accounts. Both the Emirates MENA Fixed Income Fund and the Emirates Global Sukuk Fund were awarded Silver grading by Standard & Poor’s (S&P) in its recent review. |
Jadwa Investment is an investment bank rooted in Islamic values and committed to providing customised, sharia-based financial solutions approved by an independent sharia supervisory board for high net worth individuals, family offices and institutions. Its mission is to set a new standard in Islamic investment banking delivered by focused and highly-qualified team of experts who share a common set of values and goals and driven by a passion to deliver a unique experience for clients which guarantees long-term relationships. |
Al Rayan Investment has built a niche with institutional investors, such as pension funds, insurance companies, sovereign wealth funds and corporates, but also has a strong profile with retail clients. |
NCB Capital is the largest wealth manager in Saudi Arabia in terms of assets under management that reached SAR44.8bn at end December 2012; brokerage accounts, where the firm is in the top three by volume; number of qualified and internationallyaccredited wealth managers and number of clients that total more than one million high net-worth customers. |
Over the past 12 months, Arab Bank has strengthened its cash management offering by providing new solutions, including SWIFT integration for corporates, direct debit collections and enhanced payroll management. |
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