The accolade was awarded by Global Investor Magazine, which specialises in asset management, asset servicing and securities finance.
November 28, 2017, Dubai, United Arab Emirates: Barclays Private Bank has been named “Wealth Manager of Year” at the 2017 Global Investor/Euromoney awards for the fourth consecutive year.
The award, which was announced during the 2017 Global Investor/ISF MENA Awards ceremony, celebrates Barclays' long standing position as a leader in the regional and global private banking space.
Barclays was recognised for its service excellence over the past 12 months, in addition to its specialised open architecture platforms that offer the full range of investments, credit and advisory solutions that are customised to meet clients' various requirements.
Additionally, the award also acknowledged Barclays' client centric approach and unique ‘Integrated Banking Model', which provides clients the opportunity to access the bank's regional and global capabilities in the corporate and investment banking.
Commenting on Barclays' leading position in the private banking industry, Francesco Grosoli, Barclays' Head of the Private Bank for Europe, the Middle East and Africa (EMEA), said: “It's a great honour to be recognised once again as the Middle East's Wealth Manager of the Year. This reinforces the trust our clients hold in Barclays' expertise and global capabilities.”
“Our team, servicing the MENA region, continues to lead the way in service excellence. Receiving this award for the fourth consecutive year reflects our strong belief in continuously improving our regional and global capabilities, which demonstrates our commitment to providing Barclays' clients with comprehensive bespoke solutions suitable for them and their families, not only across the Middle East and North Africa, but across the entire globe,” added Francesco.
The Global Investor/ISF Awards are granted based on several criteria, including profitability, growth and client service. Winners are selected by a distinguished judging panel drawn from Global Investor/ISF Magazine, as well as sector experts from around the region.
Global Investor Magazine is published by Euromoney Institutional Investor, and provides readers with a wealth of news, analysis, and data across the asset management, securities finance, custody, fund services, and derivatives markets.