Al Khalij Commercial Bank (al khaliji) has been named “Best Private Bank in Qatar” by the 2014 Global Private Banking Awards organised by The Banker magazine and Professional Wealth Management magazine.
The two publications, part of the Financial Times Group, handed out the Global Private Banking Awards for the sixth consecutive year in recognition of the success of the growth strategies belonging to the top private banking and wealth management providers during 2014.
Al khaliji Group CEO Fahad al-Khalifa said, “We’re very proud to receive this recognition from a global and trusted source such as The Banker and Professional Wealth Management magazines. Receiving this award underlines our position as a leading bank in Qatar and recognises our unique business model.”
He added that private banking is an area that al khaliji “is actively pursuing in view of opportunities in wealth management and structured finance.”
The winners were judged on the progress they have made throughout the year in their business and growth strategy and how they were able to boost inflows and profits. Other key areas of evaluation included the banks’ product strategies to meet the changing needs of investors, education, training of advisers, due diligence, and risk management.
Al khaliji provides private banking services to Qatari ultra-high net worth (UHNW) clients and through al khaliji France. With its full European banking licence, it is able to cater to private clients’ needs in Europe and the UAE.
The awards jury was composed of eight sector experts from the UK, the US, the UAE, Singapore, Switzerland, and Hong Kong – a diverse geographical coverage, which closely reflects Wealth Management’s international scope.
With its experienced team of private bankers who aim to build enduring and lifetime relationships with private banking clients, al khaliji offers services across three geographical areas namely, Qatar, the UAE, and France.
Al khaliji’s private banking was built on pillars such as privacy, transparency, financial strength, and international presence.
