National Bank of Oman recognised for uplifting customer experience as it wins Best Wealth Management Business (for Affluent Segment) in Oman at The Asian Banker Oman Awards 2019
- The bank recorded a significant performance in their wealth management business driven by new initiatives
- Developing digital capacities and technology solutions enabled the bank to improve their overall business
- As a result, the bank continues its efforts to respond their client’s needs and introduce new solutions.
Dubai, November 7th 2019- National Bank of Oman was awarded the Best Wealth Management Business (for Affluent Segment) in Oman at The Asian Banker Oman Awards 2019. The award ceremony was held in conjunction with the Middle East and Africa Risk Management and Transaction Awards as well as the International Finance Dialogue.
The Asian Banker Oman Awards is focused on efforts at the local level that may be unique or specific to the market. . Taking on an audit-based approach from 2019, the recipients of these awards were determined through a combination of surveys, interviews and field research by The Asian Banker’s research staff.
Standing from left: Mr. Sundaram Padmanabhan, Head Wealth Management Products, Liabilities and Fee Income; Wesam Abdul Munam Hussain Al Asfoor, Head of Sadara Wealth Management & Private Banking; National Bank of Oman; Mr. Avinash Menon, Head, Wealth Management Products and Governance
The bank recorded a significant performance in their wealth management business driven by new initiatives.
National bank of Oman recorded a significant performance in the wealth management business, with market share of 14% in AUM. The Bank was able to grow their affluent clients by 26%. In addition, National Bank of Oman is determined to improve the business by implementing Wealth Management solution which is a fully-fledged technology solution encompassing all the functionalities of the Wealth Management business.
Developing digital capacities and technology solutions enabled the bank to improve their overall business.
In line with National bank of Oman’s goal to improve their wealth management business, the bank continues to upgrade their Wealth Management system, These will include developing digital capabilities, client suitability, risk profiling, improved CRM and advisory modules, ability to offer additional product solutions based on client needs, build asset allocation models. The upgrades will be on both a strategic and tactical levels.
As a result, the bank continues its efforts to respond their client’s needs and introduce new solutions.
National Bank of Oman continues to roll out new investment products and solutions for their clients. The bank will remain focused on the key client needs such as; liquidity, income, diversification and goal-based saving.
About The Asian Banker
The Asian Banker is the region’s most authoritative provider of strategic business intelligence to the financial services community. The Singapore-based company has offices in Singapore, Malaysia, Manila, Hong Kong, Beijing, and Dubai, as well as representatives in London, New York, and San Francisco. It has a business model that revolves around three core business lines: publications, research services and forums. The company’s website is www.theasianbanker.com
For specific details relating to description of the awards, evaluation criteria and process, kindly visit http://www.asianbankerawards.com/Middle-East-and-Africa-Awards/awards.php
For further information on the collaterals for winning banks, please contact:
Mr. Alfred Labicassi
The Asian Banker
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