Private Banker International (PBI) announced the winners of the first 2016 Private Banking Middle East Awards, held in conjunction with the Private Banking: Middle East Conference in Dubai on 14th March.
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Private Banker International (PBI) announced the winners of the 2016 Private Banking Middle East Awards, held in conjunction with the Private Banking: Middle East Conference in Dubai on 14th March.
Emirates NBD was named Best Local Private Bank in the Middle East 2016, while Abu Dhabi Islamic Bank won the award for Best Private Bank in the Middle East for Islamic Finance. Infosys scooped up two awards, namely Best Innovations in Digital Initiative – Middle and Back Office (Middle East) and Best Islamic Banking Technology Provider.
The inaugural, Middle East-focussed Awards, dedicated to celebrate excellence and achievement in the private banking markets across the region, revealed winners across 12 different categories. The winners were selected by an independent judging panel and PBI Editorial team members.
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By GlobalDataFour of the categories were the Editor’s Special Awards. Those honoured with the Editor’s Special Awards were: Union Bancaire Privée (UBP) for the Best Innovative Client Initiative award, Temenos for winning the Best Innovative Technology Product to Watch (Middle East) award, Bank Al-Jazira for the Best Regional Private Bank to Watch award, and Arbuthnot Latham for the Best International Private Bank to Watch.
Meghna Mukerjee, Editor of Private Banker International, says:
"We at PBI have been watching the Middle East wealth market with interest for years. It has been an absolute pleasure to launch a dedicated, regional conference and awards event in Dubai. The superior quality of content and conversations that emerged at the conference exceeded our expectations and the award winners set the bar high.
"This is an exceedingly competitive region for private banks and vendors, and this year’s winners exhibited a clear direction in their operational strategies and truly honed in on their strengths as institutions. The Editor’s Special Awards were won by organisations that showed exceptional promise in the region through excellent product and service initiatives, and are positioned for further success."
The 2016 Private Banking Middle East Awards gala dinner was preceded by an all-day conference that brought together private banks, family offices, independent wealth managers and technology vendors in discussions around the key issues currently facing the wealth markets in the Middle East, GCC regions, and globally. Both the conference and the gala dinner took place at the at the Ritz-Carlton Hotel in Dubai.
The Private Banking Middle East Awards 2016 winners’ list is as follows:
Best Innovations in Digital Initiative – Front Office (Middle East): Habib Bank AG Zurich
Best Innovations in Digital Initiative – Middle and Back Office (Middle East): Infosys Finacle
Best Private Bank in the Middle East for Next Generation Clients: Barclays Bank
Best Private Bank in the Middle East for Ultra High Net Worth Customers: Citi Private Bank
Best Private Bank in the Middle East for Islamic Finance: Abu Dhabi Islamic Bank
Best Islamic Banking Technology Provider: Infosys Finacle
Best Private Bank in the Middle East 2016 – Local: Emirates NBD
Best Private Bank in the Middle East 2016 – Foreign: HSBC Private Bank
Editor’s Special Awards
Best Innovative Technology Product to Watch (Middle East): Temenos
Best Innovative Client Initiative: Union Bancaire Privée
Best International Private Bank to Watch: Arbuthnot Latham
Best Regional Private Bank to Watch: Bank Al-Jazira
