NBAD Wins Three Coveted Accolades

NBAD Wins Three Coveted Accolades

 Best in Cash Management, Corporate Advisory, and Equity Funds

Abu Dhabi (May 11^th, 2014) – The National Bank of Abu Dhabi (NBAD) has won three prestigious awards: Best Cash Management, Best Corporate Advisory, and Best GCC Equity Fund at the Banker Middle East Product Awards 2014.

This independent recognition reflects NBAD’s excellence across different products and businesses. CPI Financial, the publisher of Banker Middle East, organised the Awards.

The winners were selected by 12,000 voterswho nominated winners for the best product across 38 different categories. The competition was intensely contested by 186 financial products from scores of banks and financial services providers, according to CPI Financial.

“I would like to thank Banker Middle East and CPI Financial for arranging the mechanism to recognise excellence in the market,” says Alex Thursby, the Group Chief Executive Officer of NBAD. “I would also like to extend my appreciation to NBAD’s dedicated and professional team who are committed to provide our customers with exceptional products and services.”

Mr. Thursby adds: “These accolades confirm that NBAD is a market leader in innovation and spur us on to deliver more.”

The Best GCC Equity Fund award reflects NBAD’s strengths as a leading manager of regional and global products, which include Emerging Markets Fund, Conservative Allocation Fund, Balanced Allocation Fund, and Growth Allocation Fund.

NBAD is one of the largest asset managers in the UAE, managing over US$2Bn of assets (Around AED7.4Bn) for clients ranging from individuals to large institutions and sovereign wealth funds.

“NBAD’s range of wealth and asset management products and services provide a host of options to investors and allow them to diversify their portfolio aligning to their needs,” says Rudiger von Wedel, the Senior Managing Director of Global Wealth at NBAD. “These products are strategically and meticulously designed and managed to maximise benefits and wealth for our customers.”

Mr. von Wedel adds: “NBAD’s innovative investment products contribute to the development of the wealth and asset management industry in the UAE.”

 

Cash Management & Corporate Advisory

NBAD’s Cash Management service under Global Transaction Banking served over 12,400 clients, processing 2.4 million payment volumes per annum equating more than AED2.46 trillion since 2012. NBAD Cash Management delivers account services, payments, liquidity management and channel management for customers.

“NBAD’s Transactional Banking team has strategic and customer-focused mechanisms in place to deliver the most innovative and effective services to our clients,” says Mark Yassin, the Senior Managing Director of Global Banking of NBAD.

He adds: “NBAD continues to invest to build the most dynamic tools and systems which offer our customers automated treasury functions; to increase efficiencies and allow visibility, and easy movement of funds in different currencies and across different geographies.”

NBAD’s Merger & Acquisition Advisory team served with its partner, Goldman Sachs International, as the joint financial advisor in the statutory merger of Aldar Properties and Sorouh Estate. The deal was valued at US$16 billion, which created one of the largest listed property companies in MENA.

“NBAD worked successfully with its partner, one of the world’s most renowned financial institutions, to manage the overall merger process, advising the companies on valuation and structuring matters to deliver the project process as per the timetable,” says Mr. Yassin.

NBAD also provides a suite of value added advisory solutions to government, institutional and corporates through its Merchant Banking team. Merchant Banking specifically provides Project Finance advisory, Corporate Finance advisory, and Initial Public Offering (IPO) advisory. NBAD’s Merchant Banking has been recognised as the “Best Local Investment Bank” by EMEA Finance for three consecutive years since 2011.