NBAD appoints new investment head
Abu Dhabi, March 6, 2013
The National Bank of Abu Dhabi (NBAD), a leading bank in the UAE, has appointed Faisal Ahmad to the newly created position of head of investment advisory for private banking UAE.
In this position, Ahmad will define and manage the investment advisory strategy of NBAD’s private banking UAE and lead a team of investment advisors who will provide strategic and tactical asset allocation advice to the bank’s private banking clients.
Ahmad has extensive experience in global investments gained from serving in financial institutions in the UK and the UAE, a statement from the bank said. He joined NBAD after serving as the head of investment advisory at Societe Generale private banking Middle East and Africa. Overall, Ahmad has over 15 years of financial markets experience.
“The newly launched NBAD advisory service will offer a unique and unparalleled service to private banking clients and I am confident that Ahmad’s experience and expertise in the investment field will be a great asset for NBAD,” said Ashraf Mazahreh, head of NBAD's Private Banking UAE.
The NBAD private banking advisory service offers clients individually tailor-made investment solutions. The advisory team will identify the right opportunities in the global and regional markets across all asset classes. The service relies on appropriate fundamental and technical analysis to enhance returns over the long-term, the statement said.
NBAD's private banking offers both onshore and offshore services through its offices in the UAE and NBAD Private Bank (Suisse) SA, the Geneva- based wholly -owned subsidiary of NBAD is able to provide an open architecture investment platform. It also provides trust services to clients through another wholly -owned subsidiary; NBAD Trust Company.
“I am very pleased to join one of the world’s 50 safest banks and to be a part of the vision of NBAD’s global wealth division. It is important in these volatile times to have access to a professional team, which is proactive rather than reactive,” Ahmad said. “Today, there is an inherent need to diversify portfolios and above all protect capital; this can only be done through active portfolio management. This organisation has a history of leading achievements in the UAE banking industry and I am looking forward to contributing to its future.” – TradeArabia News Service
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