NBAD appoints syndicated finance head
Abu Dhabi, July 17, 2014
The National Bank of Abu Dhabi (NBAD) has appointed Jonathan Macdonald as the managing director and head of Syndicated Finance.
Macdonald will lead NBAD’s loan underwriting, primary loan distribution, secondary loan sales and purchases, as well as loan agency across the bank’s chosen markets in the Middle East, Europe, Africa and Asia, said a statement.
He brings more than 30 years’ international syndicated loans experience, having worked in London, Hong Kong, New York and Paris and is a former vice-chairman of the Loan Market Association.
He joins NBAD from Barclays where he was the managing director and head of global syndicated finance for Europe & APAC.
Macdonald will report Andy Cairns, managing director of global head of Debt Origination and Distribution at NBAD.
“Jonathan Macdonald is a world-class loans banker with a proven track-record; he will add significantly to our loans proposition as we continue to expand our markets coverage and position NBAD as facilitator of trade and commerce across the West-East Corridor,” said Cairns.
NBAD’s West-East Corridor strategy aims at positioning the bank’s strong fundamentals and the UAEs strategic location to tap into the growing economies that span from the West of Africa across to East Asia.
The ‘Corridor’ includes increasingly important economies in Mena, the Indian Subcontinent, Southeast Asia and greater China – regions which represent vast potentials with significant natural resources, growing economic activities, and an emerging middle class. - TradeArabia News Service