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Emirates NBD, the region’s leading banking group, has announced a number of strategic changes to its group executive committee, including expanding the responsibilities of existing senior management team members.
Retail Banking and Wealth Management
Veteran banker Suvo Sarkar, Head of Retail Banking and Wealth Management Group, is retiring after a successful ten-year tenure at Emirates NBD, bolstered by his deep banking knowledge, steadfast temperament, ability to inspire others and relentless focus on innovation.
Marwan Hadi has been appointed Group Head of Retail Banking and Wealth Management and succeeds Sarkar as a member of the Group Executive Committee. Hadi joined the bank in 2019 as Head of Retail Banking UAE and has played a key role in leading the success of the retail business over the past few years. He has more than 18 years of experience in the banking industry and has held several senior positions including Head of Retail Banking and Wealth Management UAE for HSBC Bank Middle East Limited.
Corporate and Institutional Banking
Ahmed Al Qassim, currently Group Head of Corporate and Institutional Banking and member of the Bank’s Group Executive Committee, will expand his remit to include Global Markets, Treasury and Research to become Group Head of Wholesale Banking.
Al Qassim has over 18 years of experience in senior leadership positions in commercial and investment banking, where in his current role he has achieved significant growth and championed the adoption of digital innovation, artificial intelligence and customer experience to enhance the bank’s corporate banking proposition.
Ammar Al Haj has been appointed Group Treasurer and Head of Global Markets. Al Haj is an experienced global markets and finance specialist who has worked in foreign exchange, interest rate derivatives, global financing and principal investing, asset and liability management. Al Haj will also join the bank’s group executive committee.
Emirates NBD Group
Aazar Ali Khwaja, formerly Group Head of Global Markets and Treasury, has been appointed as DenizBank International Group Head and Group CEO Advisor. Over the past decade, Ali Khwaja has played a key role in positioning Emirates NBD as one of the top three banking and financial services groups in the Middle East global banking and markets, achieving substantial revenue growth. Reporting to Ali Khwaja, Chief Executive Officer of Emirates NBD International Offices, in his new role, drawing on his extensive international banking experience. In addition to serving on the bank’s group executive committee, Ali Khwaja will also join DenizBank’s management committee, subject to local regulatory approval.
Neeraj Makin, previously senior executive vice president and group head of international and group strategy, will now lead the bank’s newly sanctioned corporate venture capital fund, with an increased focus on M&A opportunities across the group. In addition to continuing to lead the strategy function, he will be responsible for setting group and business unit strategy, continuing to lead strategic transformation projects and the bank’s fast-growing Advanced Analytics Center of Excellence. Over the past 3 years, Makin has led the further integration of the international business within the group, managed the transformation agenda of the international division and increased revenue. He was instrumental in driving the bank’s international expansion, including the successful acquisitions of DenizBank and Emirates NBD Egypt, and further expansion of its branch network in Saudi Arabia and India. Makin remains an integral member of the Group Executive Committee and sits on the board of Emirates NBD Egypt.
Commenting on the appointments, Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, said: “This series of new appointments within Emirates NBD reflects our Focused on promoting leaders who embody our core values. We are confident that, under our new leadership team, we will be able to capture the many growth opportunities in front of us and continue to strengthen our position as the leading bank in the region.” – – trade arab news agency
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