# Emirates NBD Asset Management

Emirates NBD Asset Management is a Fund of Funds Manager based in Dubai, United Arab Emirates.

## Overview

- **Organization type:** Fund of Funds Manager
- **Headquarters:** Dubai, United Arab Emirates
- **Region:** Middle East
- **Address:** Dubai, United Arab Emirates
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** emiratesnbd.com/asset-management
- **LinkedIn:** https://www.linkedin.com/company/emirates-nbd-asset-management

## Regulatory record

- **Reports private funds:** No

## About

Emirates NBD Asset Management is a Dubai-based asset manager. It oversees approximately $6.5 billion in assets, primarily in the Middle East.

## Sectors

- Fund of Funds
- Private Equity
- Real Estate
- Fixed Income
- MENA

## People

- Maurice Gravier — Chief Investment Officer

## Questions

### Who runs investment decisions at 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.

### How does Emirates NBD Asset Management source investment opportunities?

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.

### Does the firm make direct private equity investments or only fund commitments?

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.

### Which asset classes does Emirates NBD Asset Management cover?

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.

### How is Emirates NBD Asset Management regulated?

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.

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Last updated: 2026-06-03T20:00:00.000Z

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