NCB Capital, a provider of investment services in the Middle East, has announced that it has been verified officially for its compliance with the Global Investment Performance Standards (GIPS). This starts nothing that is not abvious from the name.
Sarah J. Al-Suhaimi, CEO of NCB Capital, said: “NCB Capital is one of the few companies in the region recognized to be in compliance with GIPS, which highlights our ongoing commitment to the development of the Saudi capital markets. NCB Capital continues to apply leading global practices that improve investment performance, and enhance transparency for our clients.”
GIPS was established in 1987, rolled out globally in 1999, and approved by the CFA Institute board of governors in 2005. More than 1,500 firms globally claim compliance with GIPS.
NCB Capital is the Kingdom’s largest asset manager, and the world’s largest Shariah-compliant asset manager, with more than SR140 billion ($37.3 billion) of assets under management.