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Mashreq Launches External Asset Management Desk

Editorial Staff

20 January 2025

has launched its new external asset management coverage desk, tapping into growth in the EAM space in the Gulf region.

The bank said that adding the EAM desk will bolster its private banking and wealth management operations.

The EAM launch comes at a time when the UAE is continuing to rise in stature as a wealth management jurisdiction, Mashreq said in a statement. 

“The launch of the EAM desk at Mashreq Private Banking significantly reinforces our commitment to providing innovative and bespoke wealth management solutions. This new platform will allow us to deepen our collaboration with external asset managers, offering their clients enhanced flexibility and access to global markets,” Vipul Kapur (pictured), head of Mashreq Private Banking, said. 

Navin Chokhani has been appointed to lead the desk, as well as manage the Mashreq Private Banking value proposition.

The EAM will provide a wide range of services via Mashreq, such as multi-currency accounts, dynamic financing solutions and Lombard lending. Mashreq’s market offerings include investment opportunities across funds, bonds, local and global equities, structured products, and local IPOs.