Emirates NBD Asset Management

Maurice Gravier serves as Chief Investment Officer, overseeing asset allocation and manager selection across the firm's multi-asset portfolios. The investment process operates within a committee structure governed by the asset management arm of Emirates NBD Group. In October 2023, the parent group named Ahmed Al Qassim as Group Chief Investment Officer for Private Banking and Asset Management, introducing a senior coordinating layer above the standalone AM unit.

The firm operates a manager-of-managers model, selecting and monitoring external GPs rather than sourcing individual deals. Its primary advantage is access: as the investment arm of the UAE's largest banking group, it leverages the parent's corporate relationships, regional market intelligence, and status as a marquee allocator to gain capacity in oversubscribed funds. Much of its private-market access flows through long-standing relationships with regional and global fund managers.

No, it is a bank-owned asset manager, not a family office. The firm is a fully owned subsidiary of Emirates NBD, a publicly listed banking group on the Dubai Financial Market. It provides discretionary portfolio management, fund-of-funds, and mutual fund products both to the bank's wealth management clients and to third-party institutional investors.

The primary model is fund-of-funds, meaning most capital flows into external private equity, real estate, and fixed-income funds managed by third-party GPs. The firm does maintain some co-investment capability, occasionally deploying directly alongside its existing fund managers, but it does not operate a proprietary deal-sourcing platform for direct control transactions.

The firm runs strategies across private equity, real estate, fixed income, and regional equities. Its real estate exposure focuses on income-generating properties in the UAE and broader GCC. The fixed-income team manages conventional and Sharia-compliant mandates, while the equity strategies are heavily weighted toward MENA-listed stocks and select emerging-market funds.

The firm operates under the regulatory oversight of the Dubai Financial Services Authority (DFSA), as it is based in the Dubai International Financial Centre. Its parent, Emirates NBD, is supervised by the Central Bank of the UAE. The asset management unit must comply with both DFSA conduct-of-business rules and the consolidated prudential regime applied to the banking group.

There is no publicly documented philanthropic or dedicated impact-investing vehicle tied directly to the asset management unit. The Emirates NBD Group participates in corporate social responsibility initiatives, including financial inclusion programs and community development projects, but these are managed separately from the asset management business.