Gulf International Bank U.K. honored at MENA Capital Markets Awards

Gulf International Bank U.K. honored at MENA Capital Markets Awards. | Courtesy of Shutterstock

Gulf International Bank (GIB) U.K. was recently presented with two awards at the 2015 edition of the Global Investor/ISF MENA Capital Markets Summit and Awards ceremony.

The London-based subsidiary of the pan-GCC universal bank was named Regional Equities Manager of the Year and Bahrain Asset Manager of the Year.

GIB U.K. has had a lengthy and successful track record in the passive equity area with its first client partnering with them in 1989.

"We are delighted to receive this award as recognition for all the team's hard work on behalf of clients over the last 25 years," Peter Carey, head of equities portfolios at GIB U.K., said. "Our equity business has consistently delivered benchmark plus returns by combining passive replication strategies with the exploitation of market inefficiencies on the segregated mandates that we run."

Passive equities is just one type of client asset that GIB U.K. manages. Others include fixed income strategies in emerging markets and alternative investments.

GIB U.K. CEO Mark Watts said asset management is one of the bank's key growth areas.

"Our brand of asset management focuses on institutions and our investment philosophy and process is aligned with what institutional investors typically seek," he said. "In developed markets, we have consciously taken the decision to offer low cost passive strategies, preferring to focus alpha generating capabilities on less efficient areas of the market where we focus on strong risk adjusted returns with robust downside risk control."

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