The Banking Executive Magazine - July Issue 2021

Euromoney Awards EUROMONEY AWARDS UBS MIDDLE EAST'S BEST BANK FOR WEALTH MANAGEMENT FOR SECOND YEAR IN A ROW For the second consecutive year, Eu- romoney 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 Man- agement, 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 re- gion, and we will 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 en- trepreneurs and family businesses. In 2020, UBS announced plans to dou- ble the size of its wealth manage- ment business in the Middle East and Africa. Since then, the firm has achieved profitable growth with in- vested 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 geo- graphic 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 that took place in August 2020 both benefited from 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. the BANKING EXECUTIVE 12 ISSUE 151 JULY 2021 Ali Janoudi Head of Middle East and Africa at UBS Global Wealth Managemen