Emirates NBD appoints General Manager for Retail Banking
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Wed June 20, 2012 11:51 am

UAE. Emirates NBD, a leading bank in the region, today announced the appointment of Suvo Sarkar as the new General Manager for Retail Banking.

Sarkar, a much respected figure in the UAE banking sector, returns to the bank after two years in the capital with National Bank of Abu Dhabi. In his last stint with the bank Sarkar was instrumental in the smooth transition of retail banking during the merger of Emirates Bank and National Bank of Dubai in 2007.

Sarkar has extensive experience in the banking industry spanning 24 years in the Middle East and South Asia. The appointment comes at a time when the bank is boosting its human capital and bringing the best in the industry to service its customers.

Commenting on the appointment, Rick Pudner, Group CEO, Emirates NBD, said, “I would like to congratulate and welcome Suvo to Emirates NBD. He brings a wealth of experience and has tremendous knowledge of the UAE banking sector; it is great to have him in our team.

“The bank is focused on attracting and retaining the most talented staff from across the region and globally to develop innovative products and services that meet the constantly evolving needs of our customers.”

Sarkar, who will be reporting to Pudner, said he was happy to be back in the Emirates NBD fold and looks forward to the new challenge. “The UAE banking sector is constantly progressing and setting new service standards in the region. Emirates NBD is a very strong brand and has a tremendous opportunity in setting new standards in product innovation, introducing new technologies, investing in expanding our retail franchise and enhancing the overall customer experience.”

Suvo has a graduate degree in engineering and is an MBA and gold medalist from the prestigious Indian Institute of Management, Calcutta. He is a qualified investment consultant and has trained at INSEAD and Oxford University. He speaks regularly at global and regional conferences on retail banking, and is a media spokesperson on industry trends.

About Emirates NBD

Emirates NBD is a leading banking Group in the region. As at 31 December 2011, total assets were AED 284.6 billion. The Group has a leading retail banking franchise in the UAE, with over 168 branches and over 780 ATMs and SDMs.  It is a major player in the UAE corporate banking arena and has strong Islamic banking, Global Markets & Treasury, Investment Banking, Private Banking, Asset Management and Brokerage operations.

The Group has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, Singapore, the United Kingdom and Jersey (Channel Islands), and representative offices in India and Iran.

The Group is an active participant and supporter of the UAE’s main development initiatives and of the various educational, environmental, cultural, charity and community welfare establishments.

For more information, please visit: www.emiratesnbd.com

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 25, 2014
INTERNATIONAL. In the end, it is unlikely that the territorial Islamic State can survive. The truth is that Turkey, Iran and Saudi Arabia are all waiting for the U.S. to solve the problem with air power and a few ground forces. These actions will not destroy IS, but they will break the group's territorial coherence.
date:Posted: November 25, 2014
BAHRAIN. The "increasingly deregulated and competitive economic environment is facilitating rapid growth in business development within the private sector."
date:Posted: November 25, 2014
INTERNATIONAL. Participants in the global oil market are eagerly awaiting the Opec meeting on November 27, which could potentially set the tone and the direction of oil prices.
INTERNATIONAL. In the end, it is unlikely that the territorial Islamic State can survive. The truth is that Turkey, Iran and Saudi Arabia are all waiting for the U.S. to solve the problem with air power and a few ground forces. These actions will not destroy IS, but they will break the group's territorial coherence.
dhgate