Mashreq Gold brings expertise to Premier Banking Summit
26 October 2008
Dubai, United Arab Emirates, 26 October 2008: Sachin Patki, Head of Mashreq Gold & Investments, Wealth Management, Retail Banking Group addressed a gathering of some of the regions top banking and financial specialists at the Premier Banking and Wealth Management Summit yesterday.
The focus of his address was the development of customer trust with regards to wealth solutions. The summit, organized by ITP brought together a host of CEOs and senior financial executives from banks, insurers, brokers, independent financial advisors and money managers.
Commenting on the summit, Patki said: “It was an excellent platform to discuss the various forces driving the creation of a new global economic structure. The recent global financial crisis has highlighted the universal nature of the underlying issues and opportunities in this region like never before. At Mashreq Gold, we not only give solutions on how to manage wealth, we also ensure that customers get financial guidance in a way that complements their lifestyle.”
Mashreq Gold provides personalized investment solutions taking into account its customers objectives and goals, risk appetite, return volatility, investment horizon and investment experience. As the stakes in global personalized wealth solutions get higher, Mashreq has placed continued focus on supervision to protect its customer’s interests.
In his speech, Patki stressed on the need to understand the market and consumers in an effort to provide needs based solutions. As a well established financial institution in the UAE and the GCC with an investment grade rating, Mashreq Gold provides investment solutions suited to individual customer preference and profile.
Building on the success of last year’s event, the summit held at Le Royal Meridian Abu Dhabi was one of the year's most important high-level gatherings of decision makers and strategists, at a time when the global credit crisis and economic conditions place more emphasis on this region traditionally linked to petroleum and real estate.
Some of the other themes discussed at the Summit included how to address inflation in the GCC, the changing landscape of regulatory regulations, the importance of technology, training and recruitment.
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About mashreq
Mashreq is the largest private bank in the UAE and also the second oldest. Founded in 1967 as Bank of Oman, the bank has played a pioneering role in the industry, particularly in retail banking. Among its many firsts it was the first to launch such products as travellers’ cheques, credit cards and ATMs.
It is invariably among the highest performing banks in the region. Last year it recorded a Net Profit of over US$470 million from a Total Operating Income of $844 million. At the end of last year its Total Assets stood at $15.2 billion
Mashreq has received numerous international awards, particularly for quality management. According to independent research it has more ISO certifications than any bank in the region by a wide margin.
As a leading financial Institution in the UAE Mashreq aims to be world class in every facet of its business, including its social responsibility to the community it serves. Towards this goal the bank pays particular attention to recruiting, training, developing and retaining UAE National employees.
For further information, please contact:
Saad Hakim Nancy D’Souza
PR Manager, Mashreq Gulf Hill & Knowlton
Tel: 04 6083707 Tel: 04 334 4930
Email: SaadHa@mashreqbank.com Email: nancy.dsouza@hillandknowlton.com