The National Bank of Abu Dhabi (NBAD) has appointed Dr Mariah Khan as the head of private banking’s velvet programme, the bank’s special private banking service developed exclusively for high net worth women.

In her new role, Dr Khan would support NBAD’s expansion strategy for private banking and its commitment to be a one stop provider for women’s wealth management requirements, a statement from the bank said. 

In addition to fulfilling her existing role as a senior private banker, she will work on enhancing private banking visibility and developing the business related to women’s private banking across the region.

Dr Khan has more than 14 years of experience in the wealth management industry gained from working with banks and global financial institutions in the UAE, assisting regional and multi-national corporates and individuals in managing their global wealth, the statement said. 

Velvet combines highly personalised global private banking with commercial banking services. It aims to empower women with financial knowledge and investment tools. It offers onshore and offshore banking services including savings accounts, investment management solutions, Swiss private banking services and inheritance planning through trust advisory services. Moreover, Velvet clients will have highly qualified ladies as their private advisors, it said.

“Dr. Khan brings with her key attributes and experience and is a valuable asset to NBAD. We have the utmost confidence that she will take NBAD private banking for women to a new level,” said Ashraf Mazahreh, head of NBAD private banking, UAE.

The bank is committed to facilitating women’s empowerment and this pledge influences product development, product responsibility, and financial inclusion through providing access to financial services. It also considers job creation, employment, learning and development as key enablers of women.

“NBAD has a great reputation for its innovative products and services,” said Dr Khan. “Our aim is to promote NBAD through Velvet, as the best financial solution for high net worth women and to allow them full access to NBAD products and services in an environment they feel comfortable.”

The bank also offers offshore private banking services through its wholly-owned subsidiary NBAD Private Bank (Suisse), based in Geneva. In addition, it offers trust services through another wholly-owned subsidiary NBAD Trust Company, which is based in Jersey, UK.

NBAD is also the first and only licensed custody UAE bank and its asset management group as one of the largest asset managers in the region, the statement said. – TradeArabia News Service