Abu Dhabi Islamic Bank (ADIB) was voted Best Private Bank in the UAE at the inaugural WealthBriefing GCC Regional Awards, held recently at the Mina Al Salam hotel in Dubai.

Judged by a panel of senior executives of international private banks, industry consultants and WealthBriefing editorial staff, ADIB was recognised for its business performance, its local network, its approach to client relationship management, its broad range of investment and finance products and its tailor made wealth planning solutions alongside the professionalism of its teams of private bankers.

The GCC awards have been built on the success of the worldwide awards programme that takes place in Europe, North America, Switzerland, Singapore and Hong Kong and on WealthBriefing's unique position in the global wealth management market.

Tirad Al Mahmoud, CEO of ADIB, said: “Private Banking is a rapidly growing business for ADIB and one in which we have typically taken a different approach to the rest of the market. This accolade reflects our focus towards meeting the needs of our clients and providing them with the investment advice and tailor-made solutions that will preserve and grow their wealth.”

“Our clients have the best of both worlds. They benefit from our range of onshore investment products whether it is access to real estate, equity or fixed income (sukuk) opportunities and from our in-depth knowledge of the local and global financial and real-estate markets provided by our world-class investment advisory and private banking teams,” added Tirad.

Stephen Harris, the CEO of Clearview Financial Media, which publishes the news site, said: “Our judges were impressed by ADIB’s status as a client-centric bank demonstrably in tune with the local market. More so that they have been adapting the traditional private banking model to fit client needs. This bank has built its Islamic banking position on the basis of universality, drawing on principles common to all nationalities.”

ADIB offers a wide range of investment products and wealth solutions based on the principle of open architecture including investment advisory services, securities brokerage, real-rstate advice and financing, wealth planning and trust services.

During the past year, ADIB has received awards from many prestigious international organizations, including Best Islamic Bank in the UAE by Global Finance magazine and Best Islamic Bank in the Middle East by The Banker magazine.