KUWAIT: Ahli United Bank (AUB) was named, for the third time, the Best Private Bank Kuwait 2019 by The Banker Magazine in collaboration with the Private Wealth Management (PWM) Magazine. As leading publications by the Financial Times Group, the two magazines present the Global Private Banking Awards in recognition of banking institutions that have achieved success in growth strategies, appropriate investment solutions, as well as the level of private banking and wealth management services provided in accordance with international standards.
The final selection of winners is made by a panel of 16 independent members selected by the two magazines which cover Private Banking industry. The panel had the opportunity to review several elements of excellence of AUB’s private banking services ranging from innovation, outstanding family wealth management and taking the lead in providing Sharia-compliant services, products and financing.
Commenting on this recognition to the Bank, Medhat Tawfik, Senior General Manager, Private Banking &Wealth Management at AUB, said: “We are proud of this award which emphasizes the Bank’s leadership in private banking and wealth management through highlighting its commitment and care got its customers, not only to provide for their needs, but also by exceeding their expectations on continuous and lasting basis through new and innovative services that enrich their lives.”
Tawfik added: “I would like to thank our Private Banking &Wealth Management Team for their commitment to AUB’s culture and approach, through which it seeks to gain the trust of its customers over the years. This achievement could not have been possible without their outstanding efforts. I also would like to thank The Banker and Private Wealth Management magazines for their appreciation and recognition of the Bank’s effort and its leading position.”
On this occasion, Meshari Shehab, Deputy General Manager, Private Banking and Wealth Management at AUB, said: “This award reflects our success in enriching the market with a unique range of services that reflect the highest levels of originality and innovation, as well as our success in establishing long-term relationships with our customers for many years during which we provided them with top-class services by being a reliable partner that supported them achieve their financial and wealth management goals.”
Shehab added: “AUB has a proven record of excellence in the field of private banking, and based on our position as the first bank in Kuwait, we offer the market unparalleled levels of experience and skills to keep up with the requirements of our valued customers.”