UAE Banking Group Emirates NBD & $11 Trillion BlackRock Form Partnership to Create Private Markets Platform for Wealthy Clients with Initial Focus on Private Credit & Multi-Alternatives, Emirates NBD Asset Management & BlackRock to Launch Evergreen Offerings (Income & Growth Strategies) Exclusively for UAE Wealth Market, BlackRock Alternative Investments Platform with $450 Billion AUM
30th March 2025 | Hong Kong
UAE banking group Emirates NBD & the world’s largest asset manager BlackRock ($11 trillion AUM) have formed a partnership (MoU) to create a private markets platform for wealthy clients with initial focus on private credit & multi-alternatives, and with Emirates NBD Asset Management & BlackRock to launch evergreen offerings (Income & Growth Strategies) exclusively for UAE wealth market. BlackRock Alternative Investments Platform has $450 Billion AUM. Announcement (25/3/25): “Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has signed a Memorandum of Understanding (MoU) with BlackRock to create an investment platform that will provide the bank’s wealth clients access to alternatives, specifically within private markets. Traditionally only available to institutional investors in the region, private markets represent the fastest-growing segment of asset management, with alternative assets expected to reach USD 30 trillion by the end of the decade. Emirates NBD Asset Management and BlackRock will launch an initial range of evergreen offerings targeting income and growth strategies on an exclusive basis for the UAE wealth market. Alongside these strategies, BlackRock will deploy its open architecture approach to support Emirates NBD Asset Management’s plans to expand its private markets offering by providing additional services such as marketing, education, training and technology. Through the Emirates NBD Asset Management platform, the long-term goal is to democratise the alternative assets space and offer Emirates NBD’s clients across the Middle East access to alternatives across all major asset classes. The private markets offerings will be based on BlackRock’s Alternative Investments platform, which now exceeds USD 450 billion AUM and supported by over 1,000 personnel in more than 50 countries.”
“ UAE Banking Group Emirates NBD & $11 Trillion BlackRock Form Partnership to Create Private Markets Platform for Wealthy Clients with Initial Focus on Private Credit & Multi-Alternatives, Emirates NBD Asset Management & BlackRock to Launch Evergreen Offerings (Income & Growth Strategies) Exclusively for UAE Wealth Market, BlackRock Alternative Investments Platform with $450 Billion AUM “
Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD: “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. 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.”
Rachel Lord, Head of International at BlackRock: “We are delighted to partner with Emirates NBD as they build out their private markets platform. 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. 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.”
UAE Banking Group Emirates NBD & $11 Trillion BlackRock Form Partnership to Create Private Markets Platform for Wealthy Clients with Initial Focus on Private Credit & Multi-Alternatives, Emirates NBD Asset Management & BlackRock to Launch Evergreen Offerings (Income & Growth Strategies) Exclusively for UAE Wealth Market, BlackRock Alternative Investments Platform with $450 Billion AUM
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