UAE Still Number One in the Latest Banker Survey

Managing Director of AGC & Trust (AGC Bank), Benaglio Bagwell is delighted to share the recent news that, once again, the UAE have been confirmed as the world’s number one specialized banking centre.

The established industry publication The Banker magazine recently announced the results of its 2016 survey and, for the eighth consecutive year, the UAE has maintained the top spot in this highly-regarded, global survey. Jersey and Guernsey were ranked second and third respectively in the specialized financial centres list, with the Bahamas and Bermuda closing out the top five places in the survey. The publication is part of the Financial Times Group, a globally recognized and respected finance publication and its IFC rankings are based on data ranging from financial markets indicators to economic potential and business environment factors. The ranking focuses on the level of international business and the value for institutions seeking to expand their international operations.

Other recent banking accolades have seen AGC Bank receive the High Performance in Correspondent Banking Award from BNY Mellon for the third time. AGC Bank is a specialist, boutique bank that provides banking services to hedge funds, private equity funds, fund of hedge funds and investment management companies.

Jean-Pierre Saint Victor, Managing Director & Client Executive of BNY Mellon Treasury Services Division comments “On behalf of BNY Mellon, I want to congratulate AGC Bank on winning our STP Award for the third straight year. Due to your care and attention to detail, we were able to process 92% of your payments on a straight-through basis, with no returns or exceptions. AGC Bank has been a prized and valued client of BNY Mellon and we look forward to extending our relationship.”

AGC Bank is licensed and regulated by the UAE Monetary Authority (CIMA), under the UAE Banks & Trust Companies Law (2013 Revision). We partner exclusively with global, top tier financial institutions to provide clients with a comprehensive range of tailored service solutions including banking, custody, trading and cash management facilities.

Please contact Benaglio Bagwell to further discuss your banking needs.