The National Bank of Abu Dhabi, or NBAD, on Tuesday announced promotions of its UAE executives, the move that will help achieve the bank’s net profit target of Dh16 billion by 2021.
“The bank is investing in the business and the promotion and rotation of senior executives will build a stronger management cadre to take the group towards its 2021 target,” said Michael H. Tomalin, the group chief executive of NBAD. “Moreover, the shifting and new appointments reflect NBAD’s objective of placing more UAE nationals at the helm of the NBAD,” Tomalin added.
In these changes, Abdulla Mohammed Saleh AbdulRaheem was promoted to deputy group chief executive of NBAD.
NBAD also promoted Khalaf Sultan bin Rashed Al Dhaheri to hold the position of the group chief operating officer.
In another promotion, Abdulla bin Khalaf Al Otaiba was promoted to senior general manager of the Domestic Banking Division. Al Otaiba will lead the bank’s Consumer, Elite and Business Banking (SMEs). In addition, he will oversee NBAD Islamic Banking
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