“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 establish an investment platform that allows wealthy bank customers to reach alternative investments, especially within 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 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 UAE. 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 NBC platform for asset management, 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.

“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, and we are fully committed to achieving the best value for our customers, through offers that We offer it, and strengthen the scene of investment in the UAE and the region, which has witnessed a great demand during the past few years.