UBS Named Middle East’s Best Bank for Ultra High Net-Worth Clients and Asset Management Services
Bank Secures Top Regional Recognition in Euromoney’s Private Banking Survey for First Time
Read the Arabic version oft he media release here
Dubai/United Arab Emirates, 24 February 2015 – UBS has been recognised as the best bank in the Middle East for "Ultra High Net Worth clients" and "Asset Management" in Euromoney’s global Private Banking Survey for 2015. UBS ranked first in both categories for the first time, after placing second in 2014 for Ultra High Net Worth clients.
The annual survey, which is now in its 12th year, is recognised as the industry’s leading barometer for the best service and product providers to the world’s wealthy.
Ali Janoudi, UBS Group Head Middle East and North Africa, said: "Being voted the best bank for Ultra High Net Worth clients and asset management services in the Middle East makes me very proud, especially in such a competitive banking environment. This strong recognition is a result of our focus on delivering top-quality advice and services to our clients, and it is a testament to our long-standing expertise in and commitment to the region. In short, this award is a fantastic vote of confidence for the great work done by our team."
Close to 450 institutions from more than 90 countries took part in the survey, and gave 2,377 responses. Together they represent more than USD15 trillion in assets under management. Euromoney’s Private Banking Survey covers 12 different product and client categories on a global and regional basis, and has ranking results in 69 countries.
Based in Switzerland, UBS has been in the Middle East and North Africa for 50 years, with offices across MENA, in Lebanon, Bahrain, Egypt, the United Arab Emirates, Qatar and Saudi Arabia.
Media contact Switzerland: UBS Media Relations, +41-44-234 85 00, email@example.com
Media contact UAE: Damian Brandy, FleishmanHillard, firstname.lastname@example.org
Note to the Editor
UBS is not licensed to provide banking services in the UAE by the Central Bank of the UAE nor is it licensed by the Emirates Securities and Commodities Authority. The UBS AG Representative Office in Abu Dhabi is licensed by the Central Bank of the UAE to operate a representative office. UBS AG Dubai Branch is licensed by the DFSA in the DIFC.