“Emirates NBD” and “Black Rock” launch an investment platform to reach private markets

Emirates NBD signed a memorandum of understanding with the asset management company «Black Rock) to create an investment platform that allows wealthy people from the bank’s customers to reach alternative investments, especially within the private markets.
Private markets, which were only traditionally available to investment institutions in the region, are the fastest growing asset management sectors, as alternative assets are expected to reach 30 trillion US dollars by the end of the contract.
Emirates NBD and Black Rock will initially launch a set of sustainable investment offers targeting income and growth strategies, exclusively for the wealth market in the United Arab Emirates. In addition to these strategies, Black Rock will use its open approach to support the Emirates NBA plans to expand their offers in private markets by providing additional services, such as marketing, education, training and technology.
Through the Emirates NBA platform, the goal will focus in the long term in providing alternative assets for all, and providing access to alternative investments in all categories of the main assets of Emirates NBD customers throughout the Middle East.
In this context, the head of banking services for individuals and wealth management for Emirates NBD Group, Marwan Hadi, said: “Innovation is an essential pillar in Emirates NBD, and we are pleased to cooperate with (Black Rock) to provide the best products in its class in the alternative markets through a platform designated for that, while supporting the increasing needs of investors in the region. We are completely committed to achieving the best value for our customers through the offers that we offer, and to enhance the scene of investment in the UAE and the region in general, which witnessed a great demand during the past few years.