(MENAFN - Muscat Daily) National Bank of Oman (NBO) announced that it has won the Oman Asset Manager of the Year Award 2013,' presented by MENA Fund Manager magazine, for excellence in asset management. The fourth annual MENA Fund Manager Performance Awards function was held recently at the Address Hotel, in Dubai.
The event, hosted by former BBC journalist Nisha Pillai, was attended by over three hundred senior participants from the region's fund management industry celebrating the very best in fund performance and innovation. There were a total of thirtyone award categories which recognised the achievements of managers across all major asset classes and geographies, in the region, a press release said.
NBO said it is proud to have successfully met the criteria for the awards which included seeking evidence of companies that outperformed competitors over the past 12 months; matched fund performance across portfolios with innovation and drove towards growing the market and developing the industry within the sultanate.
This category was open only to companies headquartered within the country. Three Omani banks were shortlisted for the Oman Asset Manager of the Year' category. A team of senior management members from NBO represented the bank at the awards function. Sayyid Wasfi al Said, NBO's deputy general manager, head of investment banking, received the award on behalf of the bank.
Speaking on the occasion, Sayyid Wasfi said, ''At NBO we leverage our years of experience to enhance the value of our customers' assets, by giving unsurpassed independent financial advice and transaction execution. Our research-driven approach and global reach enables our investment team to maximise the growth of our customers' capital.
This award is indeed a recognition of our efforts and we take pride in receiving this award on behalf of the bank. This would not have been possible without the commitment and unrivalled quality of our dedicated team members who worked relentlessly towards the goal. We look forward to receiving many more accolades in the future.'