Dubai's Emirates NBD partners with BlackRock to offer private markets access
Dubai's Emirates NBD bank is teaming up with BlackRock to offer its wealth management clients opportunities to access alternative asset classes, with a focus on private markets, it said in a statement on Tuesday. Both firms have signed a Memorandum of Understanding to establish an investment platform for the United Arab Emirates (UAE) wealth management market, which will initially focus on private credit and multi-alternatives. Private markets, including both equity and credit markets, are less liquid but also promise higher returns than listed securities.