Emirates NBD Asset Management, a wholly owned subsidiary and the Asset Management arm of Emirates NBD, a leading bank in the Middle East, announced today that it had been named the region’s “Best Fund Management Company,” at the annual Arab Achievement Awards 2011. The award ceremony was held in Abu Dhabi alongside the Arab Investment Summit 2011 on 24th and 25th of May.
In just four years, Emirates NBD Asset Management has grown exponentially and is considered among the largest asset managers in the UAE today, managing the largest number of in-house funds. With over US$1.6 billion of assets under management, the company currently manages 13 different funds across a range of asset classes. These include the MENA equity and fixed income funds, global risk profiled funds and a complete suite of Shari’a compliant vehicles. Five Emirates NBD Asset Management funds have an A rating from Standard & Poor, with the remaining to be ranked later in the year.
“We are delighted to receive the award for Best Fund Management company, which demonstrates the success of our investment philosophy that has produced superior returns and satisfied clients,” said Deon Vernooy, Senior Executive Officer, Emirates NBD Asset Management. “This award is testament to the strength of our highly-skilled team, with over fifty financial specialists from fifteen different countries, bringing together a wide range of expertise from major international markets.”
“Our investment strategies are strongly research-driven,” he continued. “We believe our success comes from strategic asset allocation, driven by a combination of rigorous quantitative testing and professional qualitative assessment, which leads to the optimal balance between risk and return.”
As a specialist investment manager with expertise in Arabian and global mandates, Emirates NBD Asset management offers exposure for retail and institutional investors, to regional and global markets. International channels and partnerships, including life insurance platforms and financial intermediaries, also provide access to funds globally.