| 11 Oct 2009 |
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NBAD names Alan Durrant as Chief Investment Officer
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Abu Dhabi: National Bank of Abu DhabiNational Bank of Abu Dhabi
(NBADNBAD), The Number One Bank in the UAE, has announced TODAY the appointment of Mr. Alan Durrant as Chief Investment Officer of its Asset Management Group.Mr. Alan Durrant, a British national, holds a degree in Economics from Loughborough University.
Immediately before joining NBADNBAD's Asset Management Group, he was Head of Asset Management at Gulf Finance House in Bahrain and prior to coming to the region, he was Chief Investment Officer and Chairman of the Investment Committee at Skandia Investment Management. During his tenure at Skandia, the group won the coveted Financial Adviser Multi-Manager of the Year Award for three consecutive years and was amongst the fastest growing fund management businesses in Europe.
Mr. Durrant had overall responsibility for asset allocation and investment selection across equities, fixed interest, property, private equity and alternative asset classes and personally managed assets of circa $10bn. He began his investment with Hargreaves Lansdown, the UK's leading investment broker, culminated in his appointment as Investment Director.
During his professional journey, Mr. Durrant has built strong relationships and networks with major investors, corporate and financial institutions and gained experience in all aspects of asset management and banking industry.
Commenting on the appointment of Mr. Durrant, Mr. Michael Tomalin, NBADNBAD's Group Chief Executive said: "I welcome Mr. Alan Durrant to the senior executive team at NBADNBAD. The Bank has achieved excellent financial returns for its shareholders over the last several years and Alan joins to strengthen the team to help achieve our growth targets. He will continue the development of a world class asset management business focusing on meeting the needs of investors in the UAE, GCC and round the world".
In his role as Chief Investment Officer of NBADNBAD
's Asset Management Group, Mr. Durrant plans to utilize the significant strengths of the NBADNBAD brand to deliver a range of innovative products and services and to focus on staff and customer satisfaction to deliver superior service in the region. He will tackle the competition by ensuring a clear positioning strategy for NBADNBAD's asset management, supported by an established and well experienced team."I am excited by the opportunity to build on the existing strengths of NBADNBAD. The UAE is one of the most exciting places in the world to be and NBADNBAD has a special place in banking industry in the region. I look forward to joining a winning team which is committed to growing the asset management businesses at NBADNBAD to be an even greater force in banking and one which will continue to have a great reputation for customer service and innovation." said Mr. Alan Durrant, Chief Investment Officer of NBADNBAD's Asset Management Group.
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About NBAD
The National Bank of Abu DhabiNational Bank of Abu Dhabi (NBADNBAD), The Number One Bank in the UAE, was incorporated in 1968. NBADNBAD has a network of 90 branches in the UAE in addition to Cash offices that are spread out at remote locations to provide banking services to customers stationed at offshore oil operations and in desert locations as well as other government organizations. NBADNBAD also has three Shift offices inside the security areas of the Abu Dhabi International Airport providing currency & traveler's cheques exchange services.
Besides brick & mortar branches, NBADNBAD provides 24 hour internet banking accessibility through NbadOnline and NbadDirect, as well as account access and personalized customer support through the 24-hour Call Centre.
NBADNBAD's overseas network stretches from Oman, Kuwait, and Bahrain in the G.C.C., Egypt, Libya, and Sudan in Africa, London, Paris, and Geneva in Europe to Washington D.C. in the U.S.A.
The bank provides its customer with a wide variety of financial services targeted at all segments of the retail and corporate market in addition to Fund Management, Brokerage, Leasing, Property Management businesses and Private Banking.
NBADNBAD is rated senior long term/short term A+/A-1 by Standard and Poor's, Aa3/P1 by Moodys and AA-/F1+ by Fitch giving one of the strongest combined rating of any Middle Eastern financial institution.
NBADNBAD is an award winning leader in the UAE and GCC financial services industry. NBADNBAD was recently awarded the prestigious the 'Best Bank in UAE 2009' from Euromoney, 'UAE Corporate Governance Award' by Hawkamah, Institute of Corporate Governance, the Human Resources Development Award in Banking Sector from Emirates Institute of Banking & Finance Sector, the Mohammed Bin Rashid Al Maktoum Business Award, 'Best Bank in UAE' from emeafinance, and Best Personal Loan in product category by The Banker Middle East publications. In previous years, NBADNBAD has also won other prestigious awards such as the Sheikh Khalifa Gold Award, the Dubai Quality Award, the Middle East Excellence Award 2008, ACN Arab Technology Award for the Banking & Finance, CIO Award of The Year, the 'Best Bank in UAE' from Euromoney and Banker publications, 'Human Resources Development Award' from the Emirates Institute for Banking & Financial Studies, the 'Middle East e-Banking Country Award', the 'Outstanding use of IT in Financial Services Award, and excellence award for 'Best use of Technology' from Banker Middle East.
The bank has been recognized as a "Super Brand" by Superbrands, the independent authority and arbiter on branding.
For further enquires, please contact:
Ehab Khairi Hassan
Media & PR Manager
National Bank of Abu Dhabi
Tel: +97126111190
Mob: + 971508126799
Email: ehab.khairi@nbad.com
Web: www.nbad.com
© Press Release 2009
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