Bank CEO receives doctorate degree
Abu Dhabi, May 31, 2012
IFS School of Finance has awarded Michael H Tomalin, the group CEO of the National Bank of Abu Dhabi (NBAD), an Honorary Doctorate of Science in Banking and Finance in recognition of his contribution to the financial services industry.
The degree was conferred on Tomalin at the IFS graduation and awards ceremony held recently in London.
Tomalin has been NBAD’s group CEO since 1999, and led it to remarkable growth; advancing from the fourth most profitable bank in the UAE to the first; expanding into new markets including asset management, private and investment banking and brokerage, as well as launching operations in new countries in MEA, a statement from the bank said.
Under his leadership, the bank established the NBAD Academy, which serves as a graduate school in banking. It enables UAE nationals of the bank to pursue a Master’s degree, the statement said.
The academy is a strategic pillar of NBAD’s ‘Emiratisation’, attracting and advancing the skills of young UAE nationals into top management position. Its Watani programme, designed to introduce UAE nationals to banking, has been a particular success in increasing UAE nationals employed by the Bank to 40 per cent from 17 per cent.
As a result, Tomalin has won the Best Emiratisation CEO Award in banking sector from Emirates Institute for Banking and Financial Studies (EIBFS) in 2010 and 2012.
In 1991, Tomalin was awarded the honour of the Officer of the Order of the British Empire (O.B.E.) in recognition of his services to the British Community in Japan. He helped launch the first British School in Tokyo, and served as the chairman of its board of governors.
In addition, he was awarded the Life Time Achievement Award from Banker Middle East in 2010, and won the CEO of the Year Award from Global Investor in 2011.
“Education provides the formula to success not only for individuals but also for corporations, communities, and nations. This is why I have always been committed to increasing access to education and training for my staff and my communities and it’s been my aim to foster a good relationship with institutions of education,” Tomalin said. – TradeArabia News Service