Global Fi­nance names IBQ ‘Best Pri­vate Bank in Qatar’

Gulf Times Business - - BUSINESS -

In­ter­na­tional Bank of Qatar (IBQ) was named ‘Best Pri­vate Bank in Qatar’ by Global Fi­nance’s fourth an­nual ‘World’s Best Pri­vate Banks Awards’. The award yet again recog­nises IBQ’s ex­cel­lence in pri­vate bank­ing and wealth man­age­ment and its com­mit­ment to de­vel­op­ing long-last­ing priv­i­leged re­la­tion­ships with its clients. The win­ners are those banks that best­serve the spe­cialised needs of high-net­worth in­di­vid­u­als as they seek to en­hance, pre­serve and pass on their wealth. IBQ said the win­ners are not al­ways the big­gest in­sti­tu­tions, but rather the best: those with qual­i­ties that in­di­vid­u­als rate highly when choos­ing a provider.

Global Fi­nance’s ed­i­to­rial board se­lected the win­ners for the ‘Pri­vate Bank Awards’ with in­put from ex­ec­u­tives and in­dus­try in­sid­ers. The ed­i­tors also use in­for­ma­tion from en­tries sub­mit­ted by banks, in ad­di­tion to in­de­pen­dent re­search, to eval­u­ate a se­ries of ob­jec­tive and sub­jec­tive fac­tors.

“Our se­lec­tions of the ‘World’s Best Pri­vate Banks’ iden­tify the wealth man­age­ment teams that are re­spond­ing most ef­fec­tively to the mix of chal­lenges and op­por­tu­nity that char­ac­terises pri­vate bank­ing at the start of the 21st cen­tury,” said Joseph D Giar­ra­puto, pub­lisher and ed­i­to­rial di­rec­tor of Global Fi­nance.

Chaouki Da­her, GM and head of Pri­vate Bank­ing at IBQ, said: “We are proud to re­ceive this pres­ti­gious award, which is a tes­ta­ment to IBQ’s po­si­tion as the pri­vate bank of choice in Qatar.

“With our holis­tic and dis­ci­plined ap­proach to wealth man­age­ment, com­bined with tailor-made ser­vices, and ex­pe­ri­enced wealth man­agers, we con­stantly strive to cre­ate a legacy of ex­cel­lence in wealth man­age­ment ser­vices that stands by and ful­fils the needs of High Net Worth fam­i­lies across generations.” He added: “I would like to thank the whole team at the IBQ Pri­vate Bank for com­mit­ting to IBQ’s strong ser­vice-driven cul­ture and ap­proach that is help­ing us se­cur­ing our clients’ loy­alty and trust over the years. This award wouldn’t have been pos­si­ble to con­stantly be re­ceived with­out their com­mit­ment.”

Re­cently, IBQ an­nounced its Q3 2018 results, which showed to­tal op­er­at­ing in­come up by 8% and net profit up 13% to reach QR487.5mn com­pared to the first nine months of 2017. Th­ese strong results are driven by core un­der­ly­ing busi­ness flows em­a­nat­ing from a strong client fran­chise.

“We are proud to re­ceive this pres­ti­gious award, which is a tes­ta­ment to IBQ’s po­si­tion as the pri­vate bank of choice in Qatar,” says Chaouki Da­her, GM and head of Pri­vate Bank­ing at IBQ

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