As part of its strategy to enable UAE nationals to take up senior management positions, Commercial Bank of Dubai has announced the promotion of several senior Emirati executives.

Othman Bin Hendi has been appointed as general manager, Corporate Banking. Bin Hendi joined the bank in 1999 from Standard Chartered and has served in a number of positions across the organisation during his career with the bank. In recent years, he has assumed key leadership roles within both credit and corporate banking.
 
Abdul Rahim Abdulaziz Al Nimer has been appointed general manager, Commercial Banking. Al Nimer  joined the bank in 1988 and has held a number of key frontline roles during the course of his dedicated career with CBD. Over the past several years he served as deputy general manager, commercial banking and has significantly contributed to the growth and success of the group.

Hassan Al Redha has been appointed general manager, Institutional & Transaction Banking. Al Redha  joined CBD in 1998, has covered CBD’s FI relationships for many years and has more recently taken additional responsibility for our transaction banking, debt capital markets and commodity finance business.

All three general managers will join the bank’s executive committee.

Saeed Ghobash, chairman of the Commercial Bank of Dubai, said: "It is with great pleasure to announce the promotions of three of our UAE senior executives. The new appointments reflect the board of director’s interest in Emirati talents and are in step with the vision of the government of the UAE to encourage, train and support qualified Emirati talents to assume leadership positions in the banking sector.

He added: "These appointments come in line with the bank’s strategy of promoting competent UAE nationals who have recorded remarkable career achievements and leadership skills. We are confident that the promotions will contribute to enhancing the bank's performance as a leading financial institution in the UAE and will motivate other UAE nationals to work hard to develop their capabilities and achieve more during the next phase.”  

Ghobash affirmed that CBD continues to focus on the development of Emirati talent who will contribute the growth of the bank and the banking sector.

Dr Bernd van Linder, chief executive officer of Commercial Bank of Dubai, said: "The new appointments help ensure the bank has the right leadership team to respond to the changing economic environment and to efficiently support our growth.” – TradeArabia News Service