New group chief investment officer for NBAD
Abu Dhabi, June 4, 2013
National Bank of Abu Dhabi (NBAD), the UAE’s leading bank, has appointed Claude-Henri Chavanon as the group chief investment officer and head of the investment group of NBAD.
Chavanon, who has served as the chief investment officer of NBAD Private Bank (Suisse) SA since 2007, will relocate to Abu Dhabi from Geneva, Switzerland. He has over 15 years of experience in investment management and business development across various asset classes, said a statement.
“Claude-Henri Chavanon is an experienced banker; a resourceful tactician who will advance NBAD’s investment strategies with innovation and vigour,” says Rüdiger Von Wedel, the senior general manager of global wealth of NBAD.
Chavanon holds a Bachelor of Science in Business Administration with Finance degree from University of Geneva. He replaces Alan Durrant who left NBAD recently.
Chavanon will oversee NBAD’s investment strategies and vehicles. He will serve in the bank’s various investments management committees, and direct and manage the delivery of investment products across all NBAD business lines. He will also lead the NBAD House View as well as the strategic and tactical investment asset allocation for use by clients’ businesses, said the statement.
NBAD, one of the largest UAE banks by assets, is the first UAE bank to achieve $1 billion annual net profits, a feat it accomplished in 2011. – TradeArabia News Service
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