HSBC Bank Middle East Limited announced that it has won the Best Wealth Management Award at the prestigious Asian Banker Middle East Country Awards 2014. The ceremony which took place in Dubai on the April 30th recognises excellence within the banking sector across the Middle East. As the largest and most widely represented international bank in the region, with an unbroken presence for over sixty-five years, HSBC has heavily invested in developing a best-in-class suite of wealth management products for its affluent clients.
Assessing submissions from 20 regional institutions, the Asian Banker Middle East Country Awards recognises the leading retail banking and wealth management offerings across the region. Gifford Nakajima, Regional Head of Wealth Development; Ishrat Kiyani, Regional Head of Wealth Sales, MENA; and Ayesha Abbas, Head of UAE Wealth Sales & Mortgages from HSBC Bank Middle East Limited, accepted the award on behalf of the bank.
Commenting on the award, Gifford Nakajima, said, “We are delighted to receive recognition for our innovative Wealth Management solutions from such a respected organisation. By placing clients at the heart of our business and investing in new digital channels such as our mobile banking apps, we have been able to create Wealth Management services and products that are designed to truly serve their needs. Through our dedicated and accredited Wealth Advisors, we are able to help clients navigate the increasingly complex investment landscape.”
The bank has developed a wealth management offering that is centred on convenience, efficiency and security. Indicative of this approach, HSBC’s innovative ‘Wealth Dashboard’ provides clients the ability to monitor multiple investments from one location; making it far easier for them to fulfil their investment strategies. Further in line with providing clients a broad range of services across its digital platforms, HSBC’s FX offering provides clients the most convenient way to securely transfer money across the world.
A key component of the bank’s strategy has been this focus on leveraging its presence worldwide in order to provide clients an unparalleled reach, in recognition of the increasingly global nature of their banking needs. To this end, the bank has created a proposition that is portable, allowing individuals to continue growing their wealth despite moving to different regions. Part of this approach has been HSBC’s ability to offer access to investment opportunities in different regions, such as structured investment products linked to the offshore renminbi bond market and the bank’s Asia Managed Solutions – professionally managed investment portfolios tailored to clients’ risk appetites – which provide clients the chance to participate in China’s promising economic growth story.
Ishrat Kiyani, added, “Along with our varied suite of products, we have made significant investments into enhancing the quality of advisory services offered by our relationship managers. We have aligned our employee incentive framework to ensure our clients’ dreams and aspirations remain at the forefront. Our wealth relationship managers are rewarded for meeting clients’ needs, rather than selling particular products. This allows us to provide the highest standards of financial advice from professionally qualified RMs, thereby enhancing our focus on building long-term relationships with our clients that are centred on providing personalised services.”
“This accolade will only further encourage us to continue building the most sophisticated wealth management products in the market, and on behalf of HSBC, I would like to thank our team for their dedication and our clients for placing their trust in us as their financial partner of choice,” Ishrat concluded.
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