BlackRock Partners with Emirates NBD for Wealth Expansion

Sector News | Mar 25, 2025 | Zawya

BlackRock Partners with Emirates NBD for Wealth Expansion

BlackRock Inc., the vast asset management firm, has entered into a strategic partnership with Emirates NBD, a prominent UAE bank, to establish a private credit investment platform aimed at the bank's high-net-worth clients in the UAE. This exclusive collaboration aims to provide these clients with unparalleled access to private markets, particularly focusing on private credit and alternative investments. The launch will target a burgeoning market anticipated to grow to $30 trillion by the end of the decade. BlackRock's expertise, underpinned by its substantial $450 billion Alternative Investments platform, will form the foundation for this venture, aiming to introduce a selection of evergreen income and growth-focused offerings in the UAE wealth management space.

Sectors

  • Asset Management
  • Private Banking
  • Investment Banking

Geography

  • United Arab Emirates – Emirates NBD is a Dubai-based bank and the article focuses on wealth management offerings for clients in the UAE.
  • USA – BlackRock, a key participant in the article, is a global asset management firm based in the United States.

Industry

  • Asset Management – This industry is relevant as the article discusses BlackRock, the world's largest asset manager, expanding its investment offerings in collaboration with Emirates NBD.
  • Private Banking – Emirates NBD is a significant player in the private banking sector, targeting high-net-worth individuals with this newly established investment platform.
  • Investment Banking – The creation of a new investment platform by BlackRock and Emirates NBD demonstrates activities typical of the investment banking sector.

Financials

  • $450 billion – Assets under management by BlackRock's Alternative Investments platform.
  • $30 trillion – Expected size of the private credit and alternative assets market by the end of the decade.

Participants

NameRoleTypeDescription
BlackRock Inc.Partner and Platform ProviderCompanyThe world's largest asset manager, collaborating with Emirates NBD to offer exclusive investment products.
Emirates NBDPartner and Wealth Client FacilitatorCompanyA leading bank based in Dubai, providing access to BlackRock's private credit platform for its wealth clients.