Feb 08 2012 |
more articles from
|
Emirates NBD makes top-level changes
Wednesday, Feb 08, 2012
Gulf News
Dubai In a series of recent top-level changes at Emirates NBD , the UAE’s largest bank by assets, deputy chief executive officer Abdul Wahed Al Fahim has resigned.
Sources yesterday confirmed the latest high-level change. The resignation of Al Fahim follows reports of the departure of Suresh Kumar, chief executive officer and member of the board of directors, Emirates Financial Services and Emirates NBD Capital Ltd. Kumar last week confirmed his ‘retirement’ from the bank with effect from next May 31.
Al Fahim, who has been with the group since 1986, was appointed deputy CEO in May 2009 and was also in charge of wholesale banking.
As part of a top-level reshuffle, in December, Emirates NBD also announced the appointment of Douwe Oppedijk as the new interim CEO of Dubai Bank . Douwe previously served as the CEO of Commercial Bank International.
Sources said the management level changes are part of integrating Dubai Bank into Emirates NBD Group and realigning the roles in the context of a larger organisation.
Although it has been widely speculated that Dubai Bank will be eventually merged with EIB, Emirates NBD has not yet spelled out the future plans for the two Islamic banks within the group.
The bank will announce its 2011 results on February 15.
As part of reorganising its management and businesses, the bank recently consolidated its investment banking and financial advisory businesses under its Emirates NBD Capital and appointed Mohammad Wajid Kamran as general manager of the arm.
By Babu Das Augustine?Deputy Business Editor
© Gulf News 2012. All rights reserved.
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment