Selects Complinet, provider of connected risk and compliance solutions
DUBAI: NCB Capital, a big investment bank in Saudi Arabia, and the first Saudi Investment Bank to be licensed by CMA, has selected Complinet, the leading provider of connected risk and compliance solutions, to be their preferred supplier for their compliance and AML e-learning courses.
Aaron Johari, Head of Compliance at NCB Capital said, “Educating our staff on regulatory and ethical requirements is a critical part of delivering on our commitment to compliance best practice. Complinet provides a gold standard e-learning solution and we are delighted to be partnering with them.”
Leas Bachatene, ME and APAC Managing Director at Complinet, said, “We are pleased that NCB Capital has joined the ranks of our prestigious list of clients taking advantage of Complinet’s superior anti-fraud and compliance e-learning solutions. NCB Capital prides itself on establishing best practices and Complinet’s cost-effective, efficient and well-regarded courses will help them continue on their mission to establish a culture of compliance within their organization.
NCB Capital, as the company states, is the largest investment bank in Saudi Arabia, with more than one million clients and $12 billion of assets under management. The firm is the Kingdom’s largest Shariah-compliant fund business, with 33 per cent market share at the end of 2009, making it the world’s largest Shariah-compliant asset manager.