Miebach will oversee Barclays existing retail and commercial banking operations in the UAE and Egypt, in addition to exploring growth opportunities in the region.
"The Middle East and North Africa region in general, and the UAE in particular, are strategic markets for Barclays", said Ahmed Khizer Khan, Chief Executive, Barclays GRCB Emerging Markets. "Michael brings to the region a wealth of relevant experience and a successful track record of leading financial institutions in diverse emerging markets."
Miebach joined Barclays on July 1, 2007 as the Managing Director for Sub-Saharan Africa, leading the bank's highly successful businesses in seven African countries. Prior to that, he spent 13 years with Citigroup in Germany, Austria, UK and Turkey. His experience spans across investment banking, corporate and commercial banking, and retail banking.
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Barclays appoints Managing Director for Middle East and North Africa
- United Arab Emirates: Thursday, May 29 - 2008 at 08:10
- PRESS RELEASE
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Barclays Bank PLC announced the appointment of Michael Miebach as the Managing Director Barclays Global Retail and Commercial Banking (GRCB) in the Middle East and North Africa with direct responsibility over the UAE business.
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Anne-Birte Stensgaard, Senior News EditorThursday, May 29 - 2008 at 08:10 UAE local time (GMT+4)
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M: + 971 50 956 1065
About Barclays
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services with an extensive international presence in Europe, the USA, Africa and Asia.
With over 300 years of history and expertise in banking, Barclays operates in over 50 countries. Barclays lends, invests and protects money for over 27 million customers and clients worldwide.
Barclays has been a member of the UAE business community for more than 30 years, and services its clients through a network of 25 ATMs and 4 sales outlets. Barclays continues to invest heavily in the region and to expand the range of services offered to its customers.
M: + 971 50 956 1065
About Barclays
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services with an extensive international presence in Europe, the USA, Africa and Asia.
With over 300 years of history and expertise in banking, Barclays operates in over 50 countries. Barclays lends, invests and protects money for over 27 million customers and clients worldwide.
Barclays has been a member of the UAE business community for more than 30 years, and services its clients through a network of 25 ATMs and 4 sales outlets. Barclays continues to invest heavily in the region and to expand the range of services offered to its customers.
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