Al Khalij Commercial Bank (al khaliji) (Q.S.C) has been announced as the Best Private Bank in Qatar by the 2014 Global Private Banking Awards organized by The Banker magazine in conjunction with Professional Wealth Management magazine.
The two esteemed 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's Group Chief Executive Officer, 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 leading bank in Qatar and recognizes our unique business model."He added: "Private banking is an area that al khaliji is actively pursuing in view of opportunities in wealth management and structured finance."
The winners of these significant accolades were judged on the progress they have made throughout the year in their business/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 UHNW clients and through al khaliji France with its full European banking license it is able to cater to private client's needs in Europe and the UAE.
The Awards Jury was composed of eight sector experts from the United Kingdom, United States, United Arab Emirates, 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, lifetime relationships with Private Banking clients, al khaliji offers services across three geographical areas, Qatar, UAE and France. al khaliji's Private Banking is built on several pillars, such as privacy, transparency, financial strength, and international presence.