Emirates NBD wins Euromoney Best Private Banking Services Overall in UAE

Press release

Published February 27th, 2011 - 07:45 GMT

Gary Dugan, CIO and Acting GM Private Banking, Emirates NBD receives the Euromoney award

Emirates NBD Private Banking, a provider of bespoke wealth management solutions, recently announced that it has been named the winner of the “Best Private Banking Services Overall in UAE” award in the 2011 Euromoney Private Banking Survey.

This is the fifth time that Emirates NBD Private Banking has received this significant mark of industry recognition from one of the world’s leading financial services titles.

Background Information

Emirates NBD

Emirates NBD, the leading banking group in the region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across corporate, retail, private, Islamic and investment banking throughout the region.