NCB Capital: Best Global Asset Management Team GCC 2019


As one of the largest banks in the GCC, Saudi Arabia’s National Commercial Bank (NCB) has been at the forefront of the region’s banking and finance activities for more than 60 years. Also known as Al Ahli Bank, NCB was the kingdom’s first official and licensed banking institution and the first to launch a mutual fund product, offer credit cards, and introduce ATMs. Its investment arm, NCB Capital, has also notched many landmark milestones since its launch in 2007, and now claims over a million clients and US$42.4b in assets under management (as of 2Q19), making it the largest asset manager in the kingdom with a dominant 32.8% market share. The company’s AUMs grew 9.3% over the last 12 months (ending 2Q19), despite the disadvantage of their massive base and turbulent market conditions. This is a vote of confidence in the asset managers’ team by the existing and newly on boarded clients. NCB Capital (NCBC) team comprises of seasoned professionals who have earned their spurs over lengthy leadership careers in private enterprise and financial management and have deep collective regional expertise. NCBC asset managers chart a confident course for clients’ investment objectives, serving as the steady hand at the helm or providing expert navigation advice. The firm caters to both retail and institutional investors with a full suite of conventional and Shariah-compliant finance solutions, including fiduciary, investment advisory, portfolio management, brokerage, and market research services. Public equities are the flagship component of NCBC’s innovative product line-up, and NCBC offers funds for every interest and investor profile. Despite the volatile market, NCBC equities grew nearly 30 percent year-on-year in 2018. The diversity and range of NCBC asset management offerings is remarkable. To ensure that the complete spectrum of investor profiles is served and the cutting edge of market products and innovations are made available to its clientele, the company regularly expands and adjusts its product offerings. NCBC added one Private Fund to its offerings so far during 2019, taking total number of Public and Private Funds to 86. This represents twice the number of funds offered by the closest competitor in this metric. The NCBC team draws upon the vast resources at its disposal — including a well-defined business vision backed by a high-tech infrastructure, sophisticated control environments, and a country-wide presence — to provide clients with investment solutions catered to their needs. For the second year running, the judging panel presents NCB Capital with the Best Global Asset Management Team (GCC) award.