NCB Capital named middle east wealth manager of the year

NCB Capital Company, the GCC’s leading wealth manager and Saudi Arabia’s largest asset manager, has been named Middle East Wealth Manager of the Year by Global Investor, a specialized international investment magazine which is part of the Euromoney publishing group.

The Global Investor awards have grown in prestige since their launch three years ago and are chosen by the magazine’s editorial panel in partnership with experts from around the region.  The award was presented during a full day conference in Qatar on October 17.

“To receive an award that highlights our strength across the whole of the Gulf region is a real honour and reaffirms that our combination of good relationships, strong product and wide distribution capabilities is producing real results for our clients”, said Tariq Linjawi.

This is the second time this year that NCB Capital has been named winner in such a category, having earlier been named Best Wealth Manager by The Banker Middle East.Equally rewarding was the announcement that NCB Capital had also been named Best Islamic Asset Management Company in the Middle East by Islamic Finance News.  This award is also important as it is constructed from an industry poll of institutional investors, money managers, private bankers, investment analysts and treasurers.

These two significant awards are testament to the strength of the firm’s domestic dominance and growing impact across the whole Middle Eastern region.

NCB Capital is the largest wealth provider in the Kingdom in size, share and reach, with over one million clients, and SR45.4 billion (US$12.1 billions) of assets under management as of September 2012.  It is also the world’s largest Shariah-compliant asset manager.