Dubai: For the second consecutive year, Euromoney Awards for Excellence has recognized UBS as the “Best Bank for Wealth Management” in the Middle East.
Euromoney received over a thousand submissions from various banks from around the world for its prestigious awards program that covers more than 50 regional and best bank awards in close to 100 countries.
Ali Janoudi, Head of Middle East and Africa at UBS Global Wealth Management, said: “We are delighted and honored to have received this award for the second year in a row. Euromoney’s recognition reflects our team’s commitment to delivering the best possible service to our clients in the Middle East. We have ambitious growth plans for this important region, and we’ll continue to expand our local footprint.”
UBS combines global expertise with local knowledge, acquired through over half a century of being present in the Middle East. UBS currently serves three generations of local entrepreneurs and family businesses. In 2020, UBS announced plans to double the size of its wealth management business in the Middle East and Africa. Since, the firm has achieved profitable growth with invested assets doubling every 2 to 3 years in Dubai, and asset growth across the Middle East reaching an unprecedented level of 26 percent in 2020. UBS has unrivalled geographic reach covering clients in the Arab world from Morocco to Oman, with a local presence in the UAE, Saudi Arabia, Bahrain, and a newly opened wealth management office in Qatar.
UBS Middle East and Africa actively supports local communities. The COVID-19 Response Fund and the fundraising platform set up following the Beirut explosion in August 2020 both matched client and employee donations. UBS has also been a proud partner of the Saudi Art Council since 2014 and engages with the art community on several platforms.
UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. UBS’ strategy is centred on our leading global wealth management business and our premier universal bank in Switzerland, enhanced by Asset Management and the Investment Bank. The bank focuses on businesses that have a strong competitive position in their targeted markets, are capital efficient, and have an attractive long-term structural growth or profitability outlook.
UBS is present in all major financial centres worldwide. It has offices in 50 markets, with about 31% of its employees working in the Americas, 32% in Switzerland, 19% in the rest of Europe, the Middle East and Africa and 18% in Asia Pacific. UBS Group AG employs over 67,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).