Dubai’s Emirates NBD reshuffles management team

Dubai’s Emirates NBD reshuffles management team

Dubai-based lender Emirates NBD has announced various strategic changes to its group executive committee, including expanding the responsibility of existing senior management team members. Suvo Sarkar, group head of retail banking and wealth management will retire after a decade-long tenure at Emirates NBD. Sarkar will be succeeded by Marwan Hadi, who joined the bank in 2019 as head of retail banking, UAE and brings over 18 years of banking experience in which he has held several senior banking positions including head of retail banking and wealth management UAE at HSBC Bank Middle East Limited. Ahmed Al Qassim, who is currently the group head of corporate and institutional banking and member of the bank’s group executive committee, will expand his role to include global markets, treasury and research. He will take the role of group head of wholesale banking. He brings forth over 18 years of commercial and investment banking experience in senior leadership positions, the lender said in a statement. Ammar Al Haj has been appointed as group treasurer and head of global markets. Al Haj has worked across foreign exchange, interest rate derivatives, global funding and principal investments, asset and liability management and will also join the bank’s group