Abu Dhabi - The National Bank of Abu Dhabi (NBAD) has appointed Gary Dugan as its Global Private Banking Chief Investment Officer & Head of Investment Strategy. He brings over 30 years of extensive and broad experience in providing investment advice and market views across different regions.
Mr. Dugan will be responsible for establishing and implementing the Business' investment views in addition to overseeing the strategic and tactical asset allocation for building and managing client portfolios across NBAD.
"Gary's strategic thinking, broad asset knowledge and leadership skills will further contribute to providing world-class investment research and strategic insight to our clients," says Rudiger von Wedel, the Senior Managing Director of Global Wealth at NBAD. "Gary's diverse experience from across different markets complements NBAD's international strategy as we continue to expand globally".
Claude-Henri Chavanon, the Managing Director of NBAD Investment Group, adds: "The deep understanding Gary possesses of the global economy, capital markets, equity and fixed income will definitely add a unique advantage in terms of asset allocation, portfolio construction and risk management strategy of our clients' portfolios. This is core to our philosophy in providing our clients custom-tailored investment products and strategies."
Mr. Dugan joined NBAD from Coutts in Singapore where he was the Chief Investment Officer Asia and Middle East, managing a team that provides clients with investment research and portfolio management. He also managed the equity, currency, hedge fund and commodity research for Coutts globally.
Mr. Dugan has also served as CIO of Emirates NBD and Merrill Lynch Global Wealth Management; and held many other senior investment positions at Barclays Wealth Management, JPMorgan Chase, Baring Securities, as well as several other institutions.
"I look forward to work with the NBAD team to build on the Bank's reputation and achievements in terms of offering world class investment research, products and advisory services," says Mr. Dugan. "Among our objectives and goals is to increase the availability of global and local market research, and strategic insights which will benefit clients in both selecting the right investment strategy, balance their portfolios and maintain performance against key benchmarks".
Mr. Dugan holds a bachelor's degree in Economics from Salford University, the UK and an ASIP designation with CFA.
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About NBAD
The National Bank of Abu Dhabi (NBAD) has one of the largest networks in the UAE, with an expanding network of 125 branches and cash offices and more than 585 ATMs across the country. NBAD's growing international network consists of about 60 branches and offices in 18 countries stretching across five continents from the Far East to the Americas, giving it the largest global network among all UAE banks.
Since 2009, NBAD has been ranked consecutively as one of the World's 50 Safest Banks by the prestigious Global Finance magazine, which also named NBAD the Safest Bank in the Emerging Markets.
NBAD is rated senior long term/short term AA-/A-1+ by Standard & Poor's (S&P), Aa3/P1 by Moody's, AA-/F1+ by Fitch, A+ by Rating and Investment Information Inc (R&I) Japan, and AAA by RAM (Malaysia) , giving it one of the strongest combined rating of any Global financial institution.
A comprehensive financial institution, NBAD offers a range of banking services including retail, investment and Islamic banking services. NBAD grows strategically toward its vision to be recognised as the World's Best Arab Bank.
For more information please visit our corporate webpage at: www.nbad.com.
© Press Release 2014
