Emirates NBD appoints new CEO
Dubai, March 28, 2012
Emirates NBD has appointed Jamal bin Ghalaita as the new CEO of Dubai Bank, which was recently acquired by Emirates NBD making it a wholly owned subsidiary of the group.
The new appointment of Bin Ghalaita is in addition to his current position as CEO of Emirates Islamic Bank, another Islamic subsidiary of Emirates NBD.
The bank has also appointed Douwe Oppedijk, formerly the interim CEO of Dubai Bank, as advisor to the new Dubai Bank CEO.
Bin Ghalaita’s new appointment aims at unifying the management team of both Islamic subsidiaries under the umbrella of Emirates NBD.
Rick Pudner, group CEO, Emirates NBD, said: “This is an important milestone for Emirates NBD as it enters a new phase for its Islamic subsidiaries, Emirates Islamic Bank and Dubai Bank. The new phase aims at unifying the management teams within our two Islamic arms.”
Bin Ghalaita was appointed as CEO of Emirates Islamic Bank in September 2011. He previously held the position of group deputy CEO, heading the consumer wealth management division.
He led several of Emirates NBD’s major initiatives including the launch of Emirates money as well as its private banking arm.
Ghalaita had worked across various managerial domains in banking; covering corporate, retail and human resources, marketing, administration and international.
Emirates NBD recently acquired Dubai Bank following the orders of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and ruler of Dubai.
The Dubai Bank acquisition reflected the government’s commitment to implementing an integrated financial and economic approach that contributes to strengthening the banking sector and enhancing the UAE’s leading financial position in the region. – TradeArabia News Service