Private Banks
Mashreq Private Bank
An independent review of Mashreq Private Bank by our team of experts
Book a Discovery CallSummary
Mashreq Bank was founded as the Bank of Oman in 1967 and is the oldest privately owned bank in the UAE.
Mashreq operates across 14 countries, employs over 6,000 people and holds total assets of around AED 335 billion (as at 31 December 2025).
It provides banking services, loans, investment banking, corporate financing and other investment advisory services, including wealth management.
Mashreq Private Bank is regulated by the Central Bank of the UAE.
Pros
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Global access
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A capable local bank
Cons
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Expensive
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Not the best way to invest
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Not a fiduciary
Our verdict
Mashreq is a capable local bank. For senior international professionals weighing where to hold and grow serious wealth, that is a different question from whether it belongs at the centre of your financial life.
Private banking at Mashreq assigns you an account manager rather than a private banking specialist. In practice, that usually means working with someone whose role is to sell the bank's products rather than a fiduciary whose only obligation is to you. It is a distinction that compounds over decades: a salesperson is paid when you transact; a fiduciary is paid for judgement, and is bound to act in your interest even when the wisest course is to do nothing at all.
The deeper issue is structural. A bank sells what a bank holds. Serious wealth work begins one level up, with the whole picture coordinated across your investments, structures, pensions, protection and succession, and with advice that answers to you rather than to a product shelf.
If you already bank with Mashreq, a no-obligation Second Opinion will show whether your portfolio still serves your plan, or whether the plan was ever the starting point. AES will also review the thinking that led to the investments you currently hold.
FAQs
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What are the main investment options provided by Mashreq Private Bank?
- The main investment options provided by Mashreq Private Bank include fixed income securities, structured products, mutual funds, model portfolios, Mashreq capital funds, equities, and FX and commodities.