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Dubai - Emirates Money, a subsidiary of Emirates NBD, announced today the appointment of Talal Al Mazrooei as Deputy CEO. Al Mazrooei, a UAE National who has been with Emirates NBD for over 10 years, was previously Head of the Retail Banking Sales at the bank.
In his new role, Al Mazrooei will be responsible tofurther establish Emirates Money's standing as a leading consumer finance business in the UAE.Al Mazrooei's enriched experience within retail banking sales, combined witha thorough understanding of consumer personal finance needs, is expected to provide impetus to Emirates Money's strategy to continue developing need-based propositions, underpinned by its strong legacy as a trusted consumer finance firm in the UAE.
Welcoming Al Mazrooei to his new role, Suvo Sarkar, Chairman, Emirates Money, said: "We are pleased to announce the strategic appointment which is line with our Emiratisation strategy and our efforts to encourage UAE Nationals to take up leadership roles within the Group.
"This appointment provides further impetus to our customer centric strategy to offer innovative lending solutions to our broad range of individual and corporate customers. We are confident that AlMazrooei's knowledge and extensive banking experience will add significant value to Emirates Money," Sarkar added.
Al Mazrooei has an impressive academic background including a Master's degree in Engineering from George Washington University in USA, and an Executive MBA from Zayed University. He is currently pursuing his PhD from De Montfort University in the UK.
Established in 2008 as a fully-owned subsidiary of Emirates NBD, Emirates Money today is the leading consumer finance company in UAE with assets over AED 2.4 billion and revenues in 2014 of over AED 337 million. The organisation's achievements are continued to be recognised by the industry, including winning the 'Best Consumer Finance Company in the Middle East' award by Asian Banker.
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About Emirates Money
Emirates Money Consumer Finance L.L.C is a consumer finance company and is part of the Emirates NBD Group. Emirates Money offers consumers comprehensive loan solutions to meet their everyday financial needs. Emirates Money's simplified loan services operate across the UAE. Apart from its branches, Emirates Money also has a large direct sales force that caters to the needs of its customers at a place most convenient for them - be it their home or workplace.
The company also has tie-ups with leading distributors of commercial vehicles, offering customers seamless financing on this product.
For further information, please visit: www.emiratesmoney.ae
For further information, please contact:
Ajith Henry
Communications - Group Marketing, Emirates NBD
Tel: 971-4-3874421
Email: AjithH@emiratesnbd.com
Tricia Rego
ASDA'A Burson-Marsteller; Dubai, UAE
Tel: 971-4-4507600; Fax: 971-4-4358040
Email: tricia.rego@bm.com
© Press Release 2015
