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Emirates Investment Services brings fresh perspective to asset management
Source: BI-ME , Author: BI-ME staff
Posted: Tue May 1, 2007 12:00 am

UAE. Emirates Investment Services (EIS) Asset Management, a new company created to cater to the diverse client base served by its main stakeholders, Emirates Bank International and Emirates Islamic Bank, was launched yesterday during a gala dinner at the Arabian Court, One & Only Royal Mirage in Dubai. The move comes as Emirates Bank celebrates its 30th anniversary, and is part of an expansion of its creative investment services.

The launch was held under the patronage of HE Ahmad Humaid Al Tayer, Chairman of Emirates Bank, and was attended by prominent business and art personalities in the UAE. Al Tayer also announced EIS Asset Management's strong commitment to help in the preservation of the local cultural heritage by extending support to the region's art community.

"EIS Asset Management provides excellent investment opportunities to its portfolio of select clients. The company has forged strategic partnerships with various industry leaders, giving EIS Asset Management the inside track in regional and global markets. Through alliances with Al Shaheen Club at Emirates Bank, Ethmar at Emirates Islamic Bank, and its extensive international channels and partners, EIS Asset Management provides access to a full range of industry resources and asset classes structured either on a Sharia compliant or conventional basis," said Al Tayer.

EIS Asset Management employs a team of 40 financial specialists from ten different countries and from a variety of financial market fields, enabling the company to establish the highest standards for its investment and financial services. Its high-powered team of experts makes it one of the strongest asset management businesses in the region.

"The decision to hold the EIS Asset Management launch alongside this wonderful art gala event is an expression of the company's passion to seek new ideas and fresh initiatives. Art symbolises creativity, class and excellence, characteristics that are inherent in EIS Asset Management. This is a great opportunity for EIS to be associated with and draw motivation from the ingenuity of the region's elite artists," said Rick Pudner, CEO, Emirates Bank.

Among the asset management solutions offered by EIS Asset Management are segregated portfolio management services, which provide clients the freedom to select the investment structure that best suits their requirements; fund management in a broad range of asset classes such as traditional cash management, equity, fixed income, real estate and other alternative sectors; structured products for clients who require capital protection while still getting participation in financial markets; and access to third party products through strategic tie-ups with the best investment fund houses, which allows EIS Asset Management to expand its range of funds.

"EIS Asset Management looks at the whole picture and scrutinises every detail when researching and analyzing the risks and potential returns of investment prospects. Aside from providing highly specialized asset management solutions, the company also provides professional advice designed to ensure the delivery of optimum investment returns and appropriate investment opportunities that suit our clients' profile," said Deon Vernooy, Head of Asset Management  at EIS.

The concurrent regional art gala dinner treated the event's distinguished guests to a lavish display of the works of the region's most talented artists. The art gala was graced by prominent art personalities such as Rashad Mohammed Bukhash, Director of Projects Department at Dubai Municipaility and Chairman of the Architectural Heritage Society of the UAE, who discussed the past, present and future of art in Dubai.

Mishal Kanoo, Deputy Chairman of Kanoo Group and co-owner of Meem Gallery spoke about the 'lost art' of art in the Islamic World. Isabelle van den Eynde, curator of B21 Gallery, presented the Persian outlook on art. And Malini Gulrajani, curator of 1X1 ArtSpace Gallery, expounded on the growing influence of Indian art.

"We will continue to support the region's art community by providing regular opportunities for interaction between artists and art lovers. EIS Asset Management believes that works of art are a stimulating and conducive background in developing investment ideas. Through this unique initiative, we hope to cultivate a fresh perspective on investment management and subsequently discover new opportunities to investment returns," concluded Vernooy.



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