NBAD appoints energy, resources MD
Abu Dhabi, July 23, 2014
The National Bank of Abu Dhabi (NBAD) has appointed Marc Mollema as the managing director and global head of energy and resources.
Mollema will lead NBAD’s Energy and Resources portfolio with a growing team of sector specialists, said a statement.
Rola Abu Manneh, senior managing director and head of clients relationships, said: “NBAD is well-positioned to be a major player in energy and resources; this is a space we have played in for a long time and we possess the world class expertise to be the number one player in this space.
“Marc’s mandate to expand our role in energy and resources is an important part of NBAD’s strategy to ‘be core to our chosen customers’.”
Mollema, who has 16 years of experience in the energy sector, joined NBAD from BNP Paribas. In his last role, he served as regional head of energy and commodities - Middle East and Africa.
NBAD’s growth strategy is founded on pursuing the growing trade and investment flows across West-East Corridor, said the statement.
The ‘Corridor’ includes increasingly important economies in Mena, the Indian Subcontinent, Southeast Asia and greater China. The region represents vast potentials with significant natural resources, growing economic activities, and an emerging middle class, it said. - TradeArabia News Service