Ncb Capital wins best wealth management award

NCB Capital has won the award for Best Wealth Management Firm in this year’s Banker Middle East Industry Awards, making it the second year in a row that the GCC’s leading wealth manager and Saudi Arabia’s largest asset manager has brought the prestigious award home to the Kingdom.

“‘We are tremendously proud at being named Best Wealth Management Firm in the Middle East for two years running,” said Tariq Linjawi, Head of Wealth Management at NCB Capital. “The winners of the Banker Middle East Industry Awards are assessed from among the best performing financial institutions across the region and to come out top once again is recognition of the consistent high performance of our team at NCB Capital and a reflection of the great trust placed in us by our clients.”

The Banker Middle East Industry Awards were established in 1999 and are presented annually at a ceremony in Dubai attended by the leading players in the regional financial industry. The finalists are shortlisted by a panel of industry experts and the winners are decided by an online voting process

NCB Capital is the leading provider of wealth management services in the GCC and the largest in Saudi Arabia in size, share and reach, with over one million clients and SR44.8 billion assets under management at the end of December 2012.

It is the global leader in Islamic mutual funds and the market leader in Saudi Arabia with SR 29.1 billion under management in 27 funds at May 2013. NCB Capital also manages the world’s largest Shariah-compliant money market fund, which   amounts to SR 16.09 billion as of May 2013.

NCB Capital is one of the GCC’s largest providers of discretionary portfolio management services and is growing its international reach through a new UCITS platform.