30 BIGGEST ASSET MANAGERS

1. NCB CAPITAL CEO: Rashed Sharif Country: Saudi Arabia Established in: 2007

AUM: $50.4 billion

NCB Capital was founded in 2007 as the investment banking arm of the National Commercial Bank. The firm recorded $50.4 billion in assets under management in 2020. NCB Capital and Samba Capital & Investment Management Company will complete their merger in the third quarter of 2021, forming the biggest asset manager, brokerage, and investment bank in Saudi Arabia. CEO Rashed Sharif was the head of local holding investments at Saudi’s Public Investment Fund from 2017 to 2020.