Emirates NBD opens first private banking centre in Abu Dhabi

24/02/2010 - Dubai Investment News
Emirates NBD opens first private banking centre in Abu Dhabi
Posted by Bob Brunskill

Emirates NBD, the largest banking group in the Middle East, has opened its first private banking centre in Abu Dhabi.

The company said that the new centre had been established to meet increasing demand for its "bespoke wealth management solutions".

It is Emirates NBD's fourth private banking centre, complementing the group's existing presence in Dubai and London.

Jamal Bin Ghalaita, Emirates NBD's group deputy chief executive officer, said: "Drawing on our expert knowledge and depth of experience in the region and across the globe, Emirates NBD Private Banking offers a gateway to the Middle East for global investors."

Emirates NBD Private Banking has been awarded various accolades including "Best Local Private Bank" by Euromoney and "Outstanding Private Bank in the Middle East" by Private Banker International.

This week, Citibank, the consumer banking arm of Citi, also announced that it had opened the Jebel Ali Financial Center in Dubai as part of its aim to offer comprehensive banking services to the emirate's business community.