Dubai, Nov 22, 2011: Emirates NBD announced the successful transformation of Emirates NBD Capital - "EmCap" (previously known as NBD Investment Bank) in the DIFC into a specialist advisory services boutique, now generating significant flow of capital transactions and profitability.

A wholly-owned subsidiary of Emirates Financial Services ("EFS") PSC, EmCap has, in recent years, invested in specialist resources and capabilities; so as to cater to the Group's corporate and institutional client base, across operating geographies.

In 2010 and 2011, EmCap has played leadership roles in terms of advising and assisting leading corporate and sovereign entities in their successful foray into capital markets as well as accomplish their mergers and acquisitions (M&A) (inorganic growth) and restructuring strategies.

Successful EFS & EmCap transactions include Salik securitization and bond issuances by the Government of Dubai and its flagship commercial entities as well as the acquisition of a profitable hotel franchise in Dubai by a leading local business group in 2010/11.

With a view to further strengthening its advisory capabilities, Mr. Mohammed Wajid Kamran has been transferred to EmCap as its 'Head of Corporate & Debt Finance' - along with his small specialist team and will work alongside Mr. Mark Saab and Mr. T. Rajagopalan ("Raj") who are Heads of Business Development and Advisory Services respectively to address the non-debt advisory businesses.

Mr. Rick Pudner, CEO of Emirates NBD PJSC, confirmed that, "With the strengthening of the specialists' team, the Group is well-poised to play a leadership role in regional capital markets".

Mr. Suresh Kumar, CEO (of EmCap & EFS) concluded that, following its successful transformation, EmCap, as an advisory services boutique, now has the credibility and capabilities to provide appropriate advice and support to Emirates NBD Group's high value clients.

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About Emirates NBD
Emirates NBD is a leading banking Group in the region. As at 30 September 2011 total assets were AED 271.9 billion. The Group has a leading retail banking franchise in the UAE, with over 141 branches and over 740 ATMs and SDMs.  It is a major player in the UAE corporate banking arena and has strong Islamic banking, investment banking, private banking, asset management and brokerage operations. 

The Group has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, Singapore, the United Kingdom and Jersey (Channel Islands), and representative offices in India and Iran.

The Group is an active participant and supporter of the UAE's main development initiatives and of the various educational, environmental, cultural, charity and community welfare establishments.

For more information, please visit: www.emiratesnbd.com or contact:
Ibrahim Sowaidan
Direct: +971 4- 609 4113
Mobile: +971 50 653 8937
Email: ibrahims@emiratesnbd.com

Claire Andréa
Direct: +971 4-609 4143
Email: clairea@emiratesnbd.com  

© Press Release 2011