Standard Chartered appoints new UAE Chief Executive Officer

Jones will be responsible for continuing the strategic agenda of Standard Chartered's UAE franchise, one of the Bank's key global markets.

Having held the position of Managing Director & CEO of Standard Chartered Bank Botswana from 2002, Jones was instrumental in doubling the Bank's overall trading profit during his three years tenure. He also successfully led the doubling of the consumer banking trading profit in two years, and positioned Standard Chartered Botswana as the highest trading profit earner within Standard Chartered's Africa operations.

"Nigel has a clear track record within the Standard Chartered network for leading strong growth in emerging markets for the Bank," said Shayne Nelson, Regional Chief Executive, Middle East and North Africa, Standard Chartered Bank.

"His leadership and vision will be paramount to the continued success of Standard Chartered's positioning as a major local player within the UAE, and in the further expansion of our business here."

Standard Chartered has identified the United Arab Emirates as a crucial global market, and it is already amongst the top six performing markets for the Bank globally. Endorsing its commitment to the UAE, Standard Chartered was the first bank to purchase its own premises and receive a commercial banking licence within the Dubai International Financial Centre (DIFC).

"We will continue to build on the strong links with the DIFC established over the past two years, while simultaneously focusing on crucial growth strategies in Abu Dhabi as part of our overall strategy for the UAE," said Nigel.

"It is our aim to be ultimately recognised as the best bank in the region, combining our global capability and deep local knowledge to set us apart from competitors," he continued.

"We'll achieve this through sustained implementation of market-leading innovative consumer and wholesale banking initiatives that we are fast becoming renowned for, and through our dedication to always placing our customers first.

"This also means accepting a responsibility to having an active voice in the local community, being heavily involved in Emiratisation, contributing to the societies we live and work in, and providing effective guidance and influence on key regulatory issues that will shape the country over the coming years."