NBAD names new group CEO
Abu Dhabi, April 3, 2013
The National Bank of Abu Dhabi (NBAD) has announced the appointment of Alex Thursby as its group chief executive with effect from July 13.
He will succeed Michael H Tomalin who has previously announced his retirement, said a statement.
Tomalin will have served as NBAD’s group chief executive for 14 years and will stay on as a non-executive director to support the transition, it said.
Tomalin said: “It has been a huge privilege to have led NBAD through years of growth at home and turbulence in global markets. NBAD is positioned for strong sustained growth in the future. I wish Alex every success in taking the group forward.”
Nasser Alsowaidi, chairman of NBAD said: “On behalf of the board, I would like to thank Michael Tomalin for building NBAD strongly these past 14 years. Under his leadership the group’s earnings have multiplied over 10 times and the group’s footprint, both at home and abroad, in private banking, asset management, capital markets and investment banking has greatly expanded.”
Thursby brings with him some 30 years of experience in international banking with substantial experience in Asia Pacific, Middle East, Africa, Europe, America, Australia and New Zealand.
He is currently the CEO of the International and Institutional Banking Division of ANZ. Over the last five years he has been responsible for devising and executing the strategy for ANZ's significant growth in Asia Pacific across Institutional, Commercial and Retail Banking. – TradeArabia News Service
More Finance & Capital Market Stories
- ETF global assets hit record $2.44 trillion
- Bahrain firms plan IPOs
- Serbia wins $1bn Abu Dhabi loan
- Key equity banker resigns from Saudi Fransi
- DMCC to boost Islamic commodity trade with tie-ups
- IDB, KIA units to invest in Morocco
- First Gulf to set up $1bn sukuk in Malaysia
- Singapore’s UOB Bullion and Futures joins DGCX
- Infrastructure investment ‘key to growth’
- BKIC declares 30pc dividend
- StanChart profit falls 16pc in 2013
- Veteran Saudi banker to head AMF
- Dubai World prepays $284m to creditors
- EFG-Hermes sells Damas stake to Mannai
- Ultra rich number to grow 35pc in Mideast
- Saudi IPO market 'set for big year'
- RAK 'exploring' ceramics unit stake sale
- Bahrain Bourse wins key UK award
- Alba backs Euromoney forum
- URC bond rating upgraded to stable outlook
- GCC urged to set up onshore financial centres
- Consolidation push paying off for Bahrain banks
- Mubadala to focus more on US, Europe
- Six banks join plan for shared customer data register
- UAE economy grows 4pc in 2013
- Egypt foreign reserves up to $17.3bn
- StanChart opens second branch in Iraq
- Oil below $90 to hit GCC economies
- Payfort offers zero deposit scheme to SMEs
- In a first, NCB Capital names female CEO