UBS Recognized As “Middle East’s Best Bank For Wealth Management 2020” At Euromoney Awards for Excellence
UBS has been recognized as the “Best Bank for Wealth Management” in the Middle East in Euromoney’s Awards for Excellence, further cementing its position as the world’s leading global wealth manager.
This year’s edition received almost 1,000 submissions from banks across the globe for its program that covers more than 50 regional awards and best bank awards in close to 100 countries.
UBS has a long-standing and strong presence in the region with close to 300 team members worldwide dedicated to the Middle East, as well as 80 people on the ground, and continues hiring throughout 2020. Thanks to the bank’s commitment to the region and its comprehensive advice, solutions and services to investors and businesses based in the Middle East, the contribution to the bank’s H1 2020 profits (PBT) coming from the MEA region has grown significantly over the last year.
Ali Janoudi, head of Wealth Management Middle East and Africa at UBS commented on the industry accolade: “Such a recognition emphasizes our team’s dedication, expertise and unique capabilities towards providing innovative solutions to regional investors. We have been working hard to offer in depth research, insights and advice on several topics including key areas for the region, such as the real estate sector and Middle Eastern bond issuers, among other services that we have introduced to support our clients during these challenging times. We have played a pivotal role in bringing sustainable investments to our regional clients and through our UBS Climate Aware strategy, we manage over USD 3 billion in assets helping to drive change to a low-carbon economy.I am very proud of the team and what we have accomplished so far, as we continue to drive growth in the Middle East”.
The MENA region has the largest youth population in the world and according to UBS’s latest Investor Watch report there is growing interest by millennial investors in philanthropy. In the post COVID-19 erainvestors are determined to drive change that matters and they are seeking for the right support that will ensure the solutions they are investing in are making a positive and lasting impact on the world.
UBS was the first bank to launch a 100% sustainable multi-asset portfolio for private clients back in 2018, which today has grown into a portfolio with more than USD 10 billion in invested assets.
