NBAD names Paris trade finance head
Abu Dhabi, January 12, 2014
The National Bank of Abu Dhabi (NBAD) has appointed Christophe Kloeti as the new head of trade finance in France as part of its global expansion strategy.
NBAD- Paris serves as one of the Abu Dhabi bank’s eight hubs serving its West-East Corridor strategy, said a statement from the UAE lender.
The unit would serve customers in France and North Africa in line with the bank’s strategy to enable trade and commerce in the increasingly important economies spanning from West Africa across to East Asia, it stated.
“North Africa, France, and the Gulf share a long and deep commercial relationship which is poised to increase. NBAD is committed to facilitate and be a major enabler of commercial and trade,” remarked Fadi Halout, the NBAD Country CEO for France.
Before joining NBAD, Kloeti was responsible for trade finance activities at Commerzbank Paris for five years. He has also worked for COFACE and SociétéGénérale. His experiences have allowed him to develop strong knowledge of corporate strategy, forfaiting finance, risk management, cash management, and corporate finance products in general.
“Christophe Kloeti’s experiences and skills will strengthen NBAD’s strong position in our markets,” added Falout.
On his appointment, Kloeti said: "I look forward to working with NBAD and contribute to its strategic expansion plans across the West-East Corridor. In addition to Paris, NBAD will have hubs to serve its wholesaling clients in Abu Dhabi, Hong Kong, Lagos, London, Mumbai, Singapore, and Washington; each covering a different geographical area."
Kloeti holds a master’s degree in Engineering and Business Strategy International (ESSEC business school).-TradeArabia News Service