Dubai, UAE – Union Bancaire Privée (UBP) has been recognised as the Best Private Bank in the MENA region at the Banker Middle East Industry Awards 2016. The ceremony was held on May 12th at the Jumeirah Emirates Towers in Dubai with over 400 bankers and bank CEOs attending the event.
The Banker Middle East Industry Awards recognise the very best in banking and finance. In its process of shortlisting the award nominees, Banker Middle East assesses all financial institutions in the region using a combination of its readers’ votes and in-depth analysis of financial statements to recognise the top players in the region’s banking sector.
Walid Shash, UBP’s Head of the Middle East & Africa region says, “This award is the recognition of what UBP does in the region in terms of wealth management, a field in which two things count: service and performance. This award is the recognition of both. What adds to our pride is that in the Middle East we are competing with major players that have been established here for several years and this award acknowledges that we have managed to build a strong reputation in a short period.”
In addition to UBP’s coverage of clients based in the Middle East and Africa out of its headquarters in Geneva, the Bank has expanded its presence significantly in the Dubai International Financial Centre with the acquisition of the operations of Lloyds and Coutts in the region, thus reinforcing the existing team. With a representative office in Dubai and a financial company in Beirut, UBP boasts around 40 professionals covering the region, including relationship managers and investment advisors providing full access to UBP’s range of products and services.
UBP has been the recipient of prominent industry awards in the region. In 2015, UBP received the award for “Best Fund Manager” at the Wealth Briefing (GCC Region) Awards, as well as the award for “Best Managed Advisory Service 2015 (UAE)” from CPI Financial.
About Union Bancaire Privée (UBP)
UBP is one of Switzerland’s leading private banks, and is among the best-capitalised, with a Tier 1 ratio of 24% as at 31 December 2015. The Bank is specialised in the field of wealth management for both private and institutional clients. It is based in Geneva and employs around 1,450 people in twenty-four locations worldwide; it held CHF 110 billion in assets under management as at 31 December 2015. UBP has offices in Dubai and Beirut.
