BlackRock launches private investment platform with Emirates NBD
BlackRock has teamed up with Dubai-based bank Emirates NBD to launch an investment platform aimed at expanding access to private markets and alternative assets for the bank’s wealthy clients.
The two firms have also rolled out a range of evergreen investment solutions tailored for the UAE wealth market, focused on income and growth strategies.
The platform will leverage BlackRock’s alternative investments ecosystem, which includes alternative asset classes such as private credit.
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“Innovation is a cornerstone at Emirates NBD, and we are pleased to partner with BlackRock to offer access to best-in-class products in alternative markets through a dedicated platform while supporting the growing needs of investors in the region,” said Marwan Hadi, group head of retail banking and wealth management at Emirates NBD.
“We are deeply committed to creating value through our offerings and advancing the investment landscape in the UAE and the wider region, which has been experiencing a strong appetite in the last few years.”
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As part of the deal, BlackRock will also deploy its open architecture framework to support Emirates NBD Asset Management in broadening its private markets portfolio. This will include marketing, education, training, and advanced technology solutions.
“Spurred by investor sentiment and facilitated by product innovation, technology, and regulatory advancements, wealth allocations to private markets are predicted to increase materially over the next five years,” said Rachel Lord, head of international at BlackRock.
“The combination of Emirates NBD’s distribution capabilities and reach across the region, combined with BlackRock’s expertise and global leadership in private markets, will be a compelling proposition for Middle Eastern investors.”
