National Bank of Oman was recently announced as the "Oman Asset Manager of the Year" at the MENA Fund Manager Performance Awards 2015. Led by National Bank of Oman'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 at the Ritz Carlton DIFC, Dubai, and attended by leading figures from the Middle East's financial community.
National Bank of Oman 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 National Bank of Oman has won the esteemed recognition at the MENA FM Awards. Many leadings banks and asset managers from the Sultanate competed with National Bank of Oman in the 'Oman Asset Manager of the Year' 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.
Commenting on the award, Sayyid Wasfi bin Jamshid Al Said, Deputy General Manager and Deputy Head of Wholesale Banking at National Bank of Oman, said: "Winning the MENA region's most coveted accolade in the asset management sector is a great way to start the year. We, at National Bank of Oman, 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 National Bank of Oman has attained in 2014. The last 12 months has been a truly exciting time for everyone involved at National Bank of Oman 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 National Bank of Oman 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 sixth annual MENA Fund Manager Performance Awards recognise the region's leaders in fund management and the revered Performance Awards is the single largest gathering of fund managers in the industry's calendar.
The bank won the accolade having launched the "National Bank of Oman GCC Fund," an open-ended equity fund that invests in high impact companies in the region, in 2014. It was the largest equity fund in Oman by capital and NAV that year. The bank's asset management division offers unparalleled opportunities for investors, including pension funds, institutional investors and retail investors, who reap the benefits of long-term regular returns through dividends and capital growth, with relatively low downsides in weak market conditions.
National Bank of Oman is strongly positioned for future growth and has developed a robust five-year growth strategy and innovative plans to build on the success of National Bank of Oman's transformation. Through its commitment to delivering a consistently superior customer experience and creating value for stakeholders, National Bank of Oman is well-placed to continue on its journey and maintain its standing as the Bank of Choice.