The award recognised the bank’s private banking offerings providing an exceptional breadth and depth of wealth management solutions. Bank Muscat was earlier awarded in the same category by EMEA Finance, Professional Wealth Management and The Banker.
Abdulnasir al Raisi, DGM - premier banking said, “Bank Muscat Private banking has been repeatedly commended by the global banking community and we are delighted to receive this endorsement from Global Finance once again. It reflects the consistency of performance and innovative strategies pursued by the Bank to stretch its operational excellence. The global accolade highlights the standards of professionalism achieved by the Bank conforming to international norms, standards and practices.”
He added: “In 2016, we launched a new strategy targeting HNIs, which has resulted in the launch of many more new services. The private banking team has an excellent and dedicated team of relationship managers with many years of experience in the field.”
Bank Muscat offers private banking clients a complete suite of investment options in global asset classes through its wealth management platform and tie-ups with other international organisations.