The National Bank of Abu Dhabi’s (NBAD) Asset Management Group has been named the UAE Asset Manager of the Year in MENA Fund Manager Performance Awards, presented by Mena Fund Manager magazine.

“Being named the Asset Manager of the Year is a true honour and is the culmination of a great deal of hard work by the whole asset management team here at NBAD,” said Alan Durrant, the Group Chief Investment Officer of NBAD and General Manager of Asset Management Group (AMG). “This year we were competing against very tough competition but we were again recognised for the outstanding product innovation, service and above all investment performance that we have delivered over the last year for our clients. 2011 was a harsh investment climate but the vast majority of our equity products outperformed their benchmarks and our fixed income desk delivered exceptional returns.”

NBAD’s Asset Management Group, one of the largest asset managers in the region, delivered 9.26% returns for its fixed income for unconstrained institutional clients in 2011, despite tough conditions in financial markets.

Mr. Durrant continued: “Adding this accolade to the list of other awards that AMG has recently won confirms that we continue to deliver innovative products which meet the highest expectations of investors and contribute to the development of the asset management industry in the country.”

Last year, AMG won the Best Asset Manager in the UAE Award by Global Investor magazine, published by Euromoney’s Global Investor recognized NBAD’s Asset Management Group for its innovative products and superior services. In addition, Asset Management Group was awarded Best Investment Product in the prestigious Banker Middle East Products Award 2011 sponsored by Banker Middle East magazine.

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