NCB Capital named best wealth manager

NCB Capital, the GCC’s leading wealth manager and Saudi Arabia’s largest asset manager, has been named Best Wealth Management Firm in this year’s Banker Middle East Industry Awards, which recognize the best performing institutions across the region. 

These awards, established in 1999, are determined by a panel of well-respected industry experts who determine a shortlist of nominees. Winners are then selected by an online voting process 

Commenting on the award, which was made at a ceremony in Dubai on June 12^th, Tariq Linjawi, Head of Wealth Management at NCB Capital, said, “We are delighted and proud to receive this prestigious award. It is a great testament to the hard work of our team and to the trust vested in us by our clients. Over the last twelve months we have launched successful new funds, dramatically grown our discretionary portfolio management business and consolidated our mutual fund platform.”  

NCB Capital is the largest wealth provider in the Kingdom in size, share and reach, with over one million clients, and SR44 billion (US$11.7 billions) (as of December 2011) of assets under management. It is also the world’s largest Shariah-compliant asset manager. 

The asset classes that its funds cover include Shariah-compliant money market, fixed income (Sukuk), equity, fund of funds, and alternatives such as private equity and real estate. 

“This award is an important acknowledgement that we are growing our business successfully by listening to and understanding our clients and providing them with market-leading advice and products that suit their aspirations and views of risk,” concluded Mr. Linjawi. “Whether a client is an individual, a corporate entity or a financial institution, we aim to provide access to the very best onshore and offshore solutions.”