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Standard Chartered named “Best Private Bank” in the UAE

UAE, 23 May, 2017 – Standard Chartered Private Bank has been awarded “Best Private Bank” in the UAE at the 18th Banker Middle East Industry Awards’ Gala Dinner, held at Jumeirah Emirates Towers in Dubai last week. The announcement was made before an audience of some 400 senior bankers and financiers, including more than 30 Chief Executives from around the region.

The accolade recognised the level of service Standard Chartered offers its Private Banking clients in the UAE, as well as the full range of bespoke investments, credit and wealth advisory products provided by the Bank.

On winning the Best Private Bank in the UAE award, Naushid Mithani, Head of Global South Asian Community, Europe, Middle East and Africa and Private Bank Head UAE, Standard Chartered Bank said: “We are honoured to have been recognised at a regionally-acclaimed industry event for our endeavours to extend financial excellence to our clients. This achievement reiterates the confidence and trust that our clients place in us.”

“Our commitment to the UAE, as well as our international expertise combined with an in-depth understand of the local markets, have distinguished us as a leading player as we continue to support generations of our clients through their entrepreneurial and wealth journey,” he added.

Standard Chartered continues to strengthen its Private Banking business with significant investments in its talent pool and technology. Earlier this month, it announced the launch of a Private Banking Academy in partnership with Fitch Learning, a pre-eminent training and professional development firm, and INSEAD, a leading business school. The Academy is designed to deliver a forward-thinking curriculum that will equip the Private Bank’s relationship managers to offer excellent service and relevant wealth management advice to clients in a fast-changing market.

The Bank continues to selectively hire senior bankers over the course of 2017, and has recently partnered with Thomson Reuters to launch an industry-first digital tool to help its relationship managers deliver advice to clients more quickly and effectively, based on a single-point aggregation of its investment expertise.

Standard Chartered Private Banking has also partnered with the Economist Intelligence Unit on a series of thought leadership report – “Better Life Breakthroughs” – to highlight the latest advances in investment, personal health, leisure and work. The first report on Innovation in Investment explores how technology is creating new investment opportunities for high net worth investors, previously the domain of large funds and institutional investors.

The Banker Middle East Industry Awards 2017 is one of the region’s leading financial events. This year’s awards were selected by the registered readers of Banker Middle East, Islamic Business & Finance, Finance ME, WEALTH Arabia magazines as well as users of www.cpifinancial.net.

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