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