NBO BAGS ‘OMAN ASSET MANAGER OF YEAR’ AWARD

National Bank of Oman was recently named ‘Oman Asset Manager of the Year’ at the MENA Fund Manager Performance Awards 2015.

Led by NBO’s deputy general manager and deputy head of wholesale banking, Sayyid Wasfi bin Jamshid al Said, a team of senior management members collected the award at a ceremony held in Dubai and attended by leading figures from the Middle East’s financial community.

NBO won the prestigious award for its prolific track record of demonstrating innovation and delivering success over the last 12 months. This is the third consecutive year that NBO has won the recognition at the MENA FM Awards. Many leadings banks and asset managers from the sultanate competed with NBO in the category. The bank was also shortlisted for the ‘Best Newcomer Fund’ category against very strong regional competition, demonstrating the quality of its GCC fund and its attractiveness to both retail and institutional investors alike, a press release said.

Commenting on the award, Sayyid Wasfi said, “Winning the region’s most coveted accolade in the asset management sector is a great way to start the year. We, at NBO, are delighted to have won this award, especially given the competitive field and the fact that the winner is decided by an expert judging panel. It comes in recognition of the bank’s investment philosophy and concerted efforts to offer the best investment opportunities for our customers.”

“To win the ‘Oman Asset Manager of the Year’ award for the third year in succession is a testament to the progress and success NBO has attained in 2014. The last 12 months has been a truly exciting time for everyone involved at NBO and it is the innovation, dedication and effectiveness of the team that has led to the winning of this illustrious recognition. It is also through their efforts that NBO is able to deliver consistent value to our loyal customers.”

The MENA Fund Manager Performance Awards are presented to firms based on overall fund performance, along with a wide range of qualitative and structural benchmarks. The honours are decided by a judging panel representing a cross-section of the industry’s leading institutional and private investors, as well as industry experts.

The bank won the accolade for having launched in 2014 the ‘National Bank of Oman GCC Fund’, an open-ended equity fund that invests in high impact companies in the region. It was the largest equity fund in Oman by capital and NAV last year.

SOURCE: MUSCAT DAILY