Markaz named ‘Best Asset Manager in Kuwait 2014’
KUWAIT: Kuwait Financial Centre ‘Markaz’ announced winning the “Best Asset Manager in Kuwait - 2014” award by EMEA Finance Awards, which is specialized in the financial and banking sectors. The award’s judges selected Markaz based on the company’s performance and diversity of its product offerings; its innovation in creating new investment products; its high level of corporate governance; and its sustainable growth in market share, assets under management and client base.
In light of this achievement, Ghazi Al-Osaimi, Vice President of MENA Equities Department at Markaz said: “We would like to thank EMEA Finance for granting Markaz the ‘Best Asset Manager in Kuwait’ award. This achievement is a testament of our team’s effort to achieve our investment objectives by offering versatile products and constantly improve our ability to appropriately allocate our assets based on wellresearched policies that guarantees achieving the best possible returns amidst a highly volatile investment climate.”
He added: “Markaz ability to reap prestigious awards year after year is a result of our prudent risk management policies amidst the current circumstances in both local and international markets, in addition to our commitment towards achieving the best results for our investors by backing up our investment decision with well-rounded research and investing in quality assets. It is also a result of our constant revision of our risk policy to ensure its compatibility with the rapidly changing investment environment.”
Markaz’s track record in asset management in Kuwait and the GCC extends back to almost three decades. In 1983, the company started offering portfolio management services in the Kuwaiti Market and in 1999, it entered the fund management field with the launch of the first Kuwaiti equities fund, “Mumtaz Fund”, and since then has produced and managed several ward winning funds. Markaz was also named “Best Asset Manager in 2014” by Global Investor for the fifth year. In addition, Markaz was named “Best Investment Bank in Kuwait in 2014” by Global Finance and Euromoney. Markaz received these awards for its professional skills in executing many successful transactions for its clients in the fields of credit markets, equities, merge and acquisitions along with offering financial consultancy services.