Latest news with #EmiratesNBDAssetManagement
Yahoo
27-03-2025
- Business
- Yahoo
Emirates NBD, BlackRock join forces on private markets access
Emirates NBD has entered a memorandum of understanding (MoU) with BlackRock to launch a private markets access platform. This initiative aims to offer the bank's wealth clients access to alternative investments, mainly in private markets. The collaboration is expected to 'democratise' the alternative assets domain, which is projected to grow to $30tn by the end of the decade. The partners will initially roll out an array of evergreen offerings, focusing on income and growth strategies tailored for the UAE wealth sector. BlackRock will implement its open architecture approach to enhance Emirates NBD Asset Management's private markets offering. This include additional services such as marketing, education, training, and technology. BlackRock International head Rachel Lord said: 'We are delighted to partner with Emirates NBD as they build out their private markets platform. 'Spurred by investor sentiment and facilitated by product innovation, technology, and regulatory advancements, wealth allocations to private markets are predicted to increase materially over the next five years.' The long-term objective of the Emirates NBD Asset Management platform is to make alternative assets more accessible to clients across the Middle East. The offerings will leverage BlackRock's Alternative Investments platform that has over $450bn in assets under management (AUM) and is supported by more than 1,000 workers across more than 50 countries. Emirates NBD retail banking and wealth management group head Rachel Lord said: 'Innovation is a cornerstone at Emirates NBD, and we are pleased to partner with BlackRock to offer access to best-in-class, products in alternative markets through a dedicated platform while supporting the growing needs of investors in the region.' Recently, CB WEALTH partnered with BlackRock, aiming to offer Thai investors global investment opportunities. "Emirates NBD, BlackRock join forces on private markets access" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Arab News
26-03-2025
- Business
- Arab News
Emirates NBD teams up with BlackRock to expand private market access
RIYADH: Dubai's Emirates NBD has partnered with US-based investment firm BlackRock to launch a dedicated platform aimed at giving its wealthy clients greater access to private markets and alternative assets. The two firms signed a memorandum of understanding to create this platform, as well as introduce an initial range of evergreen offerings focused on income and growth strategies, tailored exclusively for the UAE wealth market, according to a press statement. Clients of Emirates NBD Asset Management will gain access to BlackRock's Alternative Investments platform, which currently oversees more than $450 billion in assets under management. The appetite for private market investments has been rising globally, driven by investors seeking portfolio diversification and stronger returns. This trend is further fueled by a slowdown in global capital market activity amid higher borrowing costs, with the alternative asset market projected to reach $30 trillion by the end of the decade. Marwan Hadi, group head of retail and wealth management at Emirates NBD, said: 'Innovation is a cornerstone at Emirates NBD, and we are pleased to partner with BlackRock to offer access to best-in-class, products in alternative markets through a dedicated platform while supporting the growing needs of investors in the region.' He added: 'We are deeply committed to creating value through our offerings and advancing the investment landscape in the UAE and the wider region, which has been experiencing a strong appetite in the last few years.' This partnership also aims to democratize investment opportunities previously limited to institutional investors and ultra-high-net-worth individuals. Beyond investment opportunities, BlackRock will leverage its open architecture approach to support Emirates NBD Asset Management's private markets expansion, offering services including marketing, education, training, and technology. 'We are delighted to partner with Emirates NBD as they build out their private markets platform. Spurred by investor sentiment and facilitated by product innovation, technology, and regulatory advancements, wealth allocations to private markets are predicted to increase materially over the next five years,' said Rachel Lord, head of International at BlackRock. Emirates NBD serves more than 9 million customers across 13 countries, holding 997 billion dirhams ($271 billion) in assets as of Dec. 31, 2024.
Mid East Info
25-03-2025
- Business
- Mid East Info
Emirates NBD and BlackRock announce Platform for Private Markets Access
Newly created alternatives platform based on BlackRock products with Emirates NBD Asset Management as the manager Initial focus on private credit and multi-alternatives Emirates NBD at the forefront of making private markets available to clients in the Middle East Dubai, United Arab Emirates, March 2025: Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has signed a Memorandum of Understanding (MoU) with BlackRock to create an investment platform that will provide the bank's wealth clients access to alternatives, specifically within private markets. Traditionally only available to institutional investors in the region, private markets represent the fastest-growing segment of asset management, with alternative assets expected to reach USD 30 trillion by the end of the decade.[1] Emirates NBD Asset Management and BlackRock will launch an initial range of evergreen offerings targeting income and growth strategies on an exclusive basis for the UAE wealth market. Alongside these strategies, BlackRock will deploy its open architecture approach to support Emirates NBD Asset Management's plans to expand its private markets offering by providing additional services such as marketing, education, training and technology. Through the Emirates NBD Asset Management platform, the long-term goal is to democratise the alternative assets space and offer Emirates NBD's clients across the Middle East access to alternatives across all major asset classes. Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, commented: 'Innovation is a cornerstone at Emirates NBD, and we are pleased to partner with BlackRock to offer access to best-in-class, products in alternative markets through a dedicated platform while supporting the growing needs of investors in the region. We are deeply committed to creating value through our offerings and advancing the investment landscape in the UAE and the wider region, which has been experiencing a strong appetite in the last few years.' Rachel Lord, Head of International at BlackRock, said: 'We are delighted to partner with Emirates NBD as they build out their private markets platform. Spurred by investor sentiment and facilitated by product innovation, technology, and regulatory advancements, wealth allocations to private markets are predicted to increase materially over the next five years. The combination of Emirates NBD's distribution capabilities and reach across the region, combined with BlackRock's expertise and global leadership in private markets, will be a compelling proposition for Middle Eastern investors.' The private markets offerings will be based on BlackRock's Alternative Investments platform, which now exceeds USD 450 billion AUM and supported by over 1,000 personnel in more than 50 countries. About Emirates NBD: Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As at 31st December 2024, total assets were AED 997 billion, (equivalent to approx. USD 271 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 848 branches and 4,601 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 3.87 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region. Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE's main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE's Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.
Zawya
25-03-2025
- Business
- Zawya
Emirates NBD and BlackRock announce platform for private markets access
Initial focus on private credit and multi-alternatives Emirates NBD at the forefront of making private markets available to clients in the Middle East Dubai, United Arab Emirates: Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has signed a Memorandum of Understanding (MoU) with BlackRock to create an investment platform that will provide the bank's wealth clients access to alternatives, specifically within private markets. Traditionally only available to institutional investors in the region, private markets represent the fastest-growing segment of asset management, with alternative assets expected to reach USD 30 trillion by the end of the decade. Emirates NBD Asset Management and BlackRock will launch an initial range of evergreen offerings targeting income and growth strategies on an exclusive basis for the UAE wealth market. Alongside these strategies, BlackRock will deploy its open architecture approach to support Emirates NBD Asset Management's plans to expand its private markets offering by providing additional services such as marketing, education, training and technology. Through the Emirates NBD Asset Management platform, the long-term goal is to democratise the alternative assets space and offer Emirates NBD's clients across the Middle East access to alternatives across all major asset classes. Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, commented: 'Innovation is a cornerstone at Emirates NBD, and we are pleased to partner with BlackRock to offer access to best-in-class, products in alternative markets through a dedicated platform while supporting the growing needs of investors in the region. We are deeply committed to creating value through our offerings and advancing the investment landscape in the UAE and the wider region, which has been experiencing a strong appetite in the last few years.' Rachel Lord, Head of International at BlackRock, said: 'We are delighted to partner with Emirates NBD as they build out their private markets platform. Spurred by investor sentiment and facilitated by product innovation, technology, and regulatory advancements, wealth allocations to private markets are predicted to increase materially over the next five years. The combination of Emirates NBD's distribution capabilities and reach across the region, combined with BlackRock's expertise and global leadership in private markets, will be a compelling proposition for Middle Eastern investors.' The private markets offerings will be based on BlackRock's Alternative Investments platform, which now exceeds USD 450 billion AUM and supported by over 1,000 personnel in more than 50 countries. About Emirates NBD Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As at 31st December 2024, total assets were AED 997 billion, (equivalent to approx. USD 271 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 848 branches and 4,601 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 3.87 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region. Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE's main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE's Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.
Hi Dubai
25-03-2025
- Business
- Hi Dubai
Emirates NBD and BlackRock announce Platform for Private Markets Access
Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has signed a Memorandum of Understanding (MoU) with BlackRock to create an investment platform that will provide the bank's wealth clients access to alternatives, specifically within private markets. Traditionally only available to institutional investors in the region, private markets represent the fastest-growing segment of asset management, with alternative assets expected to reach USD 30 trillion by the end of the decade. Emirates NBD Asset Management and BlackRock will launch an initial range of evergreen offerings targeting income and growth strategies on an exclusive basis for the UAE wealth market. Alongside these strategies, BlackRock will deploy its open architecture approach to support Emirates NBD Asset Management's plans to expand its private markets offering by providing additional services such as marketing, education, training and technology. Through the Emirates NBD Asset Management platform, the long-term goal is to democratise the alternative assets space and offer Emirates NBD's clients across the Middle East access to alternatives across all major asset classes. Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, commented: 'Innovation is a cornerstone at Emirates NBD, and we are pleased to partner with BlackRock to offer access to best-in-class, products in alternative markets through a dedicated platform while supporting the growing needs of investors in the region. We are deeply committed to creating value through our offerings and advancing the investment landscape in the UAE and the wider region, which has been experiencing a strong appetite in the last few years.' Rachel Lord, Head of International at BlackRock, said: 'We are delighted to partner with Emirates NBD as they build out their private markets platform. Spurred by investor sentiment and facilitated by product innovation, technology, and regulatory advancements, wealth allocations to private markets are predicted to increase materially over the next five years. The combination of Emirates NBD's distribution capabilities and reach across the region, combined with BlackRock's expertise and global leadership in private markets, will be a compelling proposition for Middle Eastern investors.' The private markets offerings will be based on BlackRock's Alternative Investments platform, which now exceeds USD 450 billion AUM and supported by over 1,000 personnel in more than 50 countries. News Source: Emirates NBD
