StanChart wins top award
Dubai, March 19, 2013
Standard Chartered has been voted the ‘Best Private Bank for Super Affluent Clients in the UAE’ for 2013 by Euromoney.
The results were announced at the Private Banking Survey Awards dinner held recently in London.
Euromoney’s Private Banking Awards are considered the most prestigious in the wealth management and financial industry. The awards are independently evaluated through the Euromoney Awards survey, which provides a qualitative and quantitative review of the best services in private banking by region and by areas of service. It covers over 60 countries each year, and is voted for by the people who know the industry best – the private bankers themselves.
Factors such as assets under management, profitability, ratio of clients to relationship managers, and services offered, among other things, are all considered in developing the ranking of top private banks. The award also acts as an informative guide for high net-worth individuals on the range of professional wealth management service providers that are available.
Commenting on the awards, Sumeet Bhambri, head of wealth management and priority and international banking, Middle East said: “Standard Chartered adopts a customer-focused approach to provide its customers with an exceptional banking experience. The UAE is one of Standard Chartered’s most important markets globally and we remain committed to providing our customers with world class financial products and services that cater to their specific needs across Asia, Africa and the Middle East.”
Standard Chartered has been operating in the UAE since 1958 and has the largest distribution network among international banks with 11 branches, five Electronic Banking Units and more than 130 ATMs and CDMs. - TradeArabia News Service
More Finance & Capital Market Stories
- NBAD approves 40pc cash dividends
- NBAD sees 8-10pc loan growth
- Al Basel Group launches investment arm
- Union Insurance posts $18m profit
- Oman warns banks on conflicts of interest
- Japan to lend Tunisia $480m
- 400 to join anti-laundering seminar in Riyadh
- Lebanese insurer to head Prague Club
- UAE's first REIT plans $135m IPO
- Bahrain banking industry outlook 'positive'
- New India Assurance opens Bahrain branch
- Qatar sets up mixed business incubator
- Kuwait budget spending up 8pc in April-Jan
- Thomson Reuters to host Mena IFR awards
- ADIB offers smartphone industry investment
- Gulf Finance House to start $3bn Tunisia project
- KFH completes ICT project upgrade
- Egypt urban annual inflation slows to 9.8pc
- BIBF signs deal with Palestinian institute
- Bahrain’s GDP set to expand 12pc
- KFH-Bahrain rebrands priority banking
- Bank Nizwa wins top Islamic bank award
- Qatar labour costs may jump: IMF
- Kuwait Q3 trade surplus hits $23bn
- Dubai trade growth up 7.6pc to $362bn
- Deloitte appoints new managing director
- Al Ramz tops UAE trading in Feb
- IFC in $150m loan deal with Bank Audi
- SME funding focus for Abu Dhabi forum
- Insurance House posts second year of profit