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Abu Dhabi Financial Services appoints new Managing Director

  • United Arab Emirates: Sunday, February 07 - 2010 at 09:10
  • PRESS RELEASE

The Abu Dhabi Financial Services (ADFS), the financial brokerage arm of the National Bank of Abu Dhabi (NBAD) and one of the leading brokerage companies in the UAE, today announced the appointment of Mr. Aymen Samawi as the Managing Director of ADFS.

Mr. Samawi holds a BA in International Business from Texas Wesleyan University. He joins ADFS with than more two decades of experience working in the financial services industry in the United States and the UAE.

Immediately before joining ADFS, Mr. Samawi was the Chief Executive Officer (CEO) of National Finance Brokerage Company (NFBC), a subsidiary of Abu Dhabi Investment Company. Between 1995 and 2005 and again from 2007 to 2008, he served in a number of senior positions at ICAP, the world's largest inter-dealer broker based in New York City. Mr. Samawi served as the Executive Vice President at ICAP North America in New York in addition to spearheading the ICAP venture in property derivatives information business as CEO. He also held past positions with ICAP's interest rates division as Vice President and later as Managing Director. He founded BroadReach Financial Group in 2005 and served as the chief executive of the Dubai-based financial advisory for two years. He also co-founded Capstone/Pinnacle Global Energy in 1999 and served as its managing director and chief operating officer for four years.

Prior to Capstone, Mr. Samawi was Vice President at Tullet & Tokyo in New York, where he founded the relative value group.

During his professional journey, Mr. Samawi has built strong relationships and networks with major investors, corporate and financial institutions and gained experience in all aspects of financial industry.

Commenting on the appointment of Mr. Samawi, Mr. Michael Tomalin, NBAD's Group Chief Executive, said, "I welcome Mr. Aymen Samawi to the senior executive team at NBAD. The Bank has achieved excellent financial returns for its shareholders over the last several years and Aymen joins to strengthen the team to help achieve our growth targets. He will continue the development of a world-class financial brokerage business focusing on meeting the needs of investors in the UAE, GCC and round the world."

Mr. Samawi, the Managing Director of ADFS, plans to utilize the significant strengths of the NBAD brand to deliver the highest standard of services and to focus on customer satisfaction. He will tackle the competition by ensuring a clear positioning strategy for ADFS supported by an established and well experienced team. His growth plans for the brokerage arm of NBAD include diversification and specific client targets.

"Throughout my career, I always strived to be part of a team that is or determined to be number one while adhering to best corporate global business and ethics practices. I would continue this journey with NBAD, as I believe in NBAD's vision of becoming the Number One Bank in the Arab world," Mr. Samawi said.

"Based on performance and reputation, NBAD is an industry leader in the UAE. ADFS is one of the top three primary brokers in the UAE. I want to be where things are developing, changing, and growing. ADFS is to grow strategically, through market diversification and specific client targets," he added.
Aymen Samawi.
Aymen Samawi.
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About NBAD:

The National Bank of Abu Dhabi (NBAD), The Number One Bank in UAE, was incorporated in 1968 and is listed on the Abu Dhabi Securities Exchange (ADX), under stock code (NBAD).

Ranked as one of the top 50 safest banks in the world, NBAD currently operates across 12 countries on four continents.

NBAD has a network of more than 100 branches in the UAE in addition to cash offices that are spread out in remote locations to provide banking services to customers all over the UAE.

The branch network is widened further with more than 330 ATMs through which customers perform a variety of transactions.

Besides brick & mortar branches, NBAD provides 24 hour internet banking access through NbadOnline and NbadDirect, the SMS-based payment service (Arrow) as well as account access and personalised customer support through its 24-hour Call Centre.

NBAD's overseas network stretches from Oman, Kuwait, and Bahrain in the G.C.C.; Egypt, Libya, and Sudan in Africa; UK, France, and Switzerland in Europe; Hong Kong and Jordan in Asia to Washington, D.C. in the U.S.A. Overall, NBAD has nearly 50 branches and 60 ATMs outside the UAE.

NBAD provides its customers with a wide variety of financial services targeting all segments of the consumer and corporate markets in addition to fund management, brokerage, financial markets, leasing, property management and private banking businesses.

The bank is organised into various client-focused divisions. They are the UAE Domestic Banking, International Banking, Financial Markets, Corporate and Investment Banking, Abu Dhabi National Islamic Finance (ADNIF), and Global Wealth comprising of Private Banking and Asset Management Group, and the wholly owned stock brokerage company Abu Dhabi Financial Services (ADFS). The Bank's wholly owned subsidiaries, Abu Dhabi National Leasing Company (ADNL) and Abu Dhabi National Properties (ADNP) are part of the Corporate and Investment Banking division.

NBAD is rated senior long term/short term A+/A-1 by Standard and Poor's, Aa3/P1 by Moodys and AA-/F1+ by Fitch giving it one of the strongest combined rating of any Middle Eastern financial institution.

Committed to the service of the UAE society, NBAD has a written Corporate Social Responsibility Mission, which forms an important element of the Bank's overall strategy.

NBAD is an award winning leader in the UAE and GCC financial services industry. In 2009, NBAD won the prestigious UAE Corporate Governance Award by Hawkamah, Institute of Corporate Governance; the Human Resources Development Award in Banking Sector from Emirates Institute for Banking and Financial Studies; Best Bank in the UAE for the third time in the last 10 years from Euromoney; Retail Bank of the year from Arabian Business; Best Personal Loan in the Middle East from Bankers Middle East; Best Local Bank in the UAE from emeafinance; Deal of the year from Project Finance Magazine; Best Company for Investor Relations in the UAE from Middle East Investor Relations Society; Corporate Finance, Structured Finance & UAE Deal of the year from Islamic Finance News; and Strategic Banking Web Award from the Pan- Arab Web Academy.

The Bank was ranked in the World's 50 Safest Banks in 2009 by Global Finance and recognised as a superbrand by Superbrands, the independent authority and arbiter on branding.

In previous years, NBAD has also won other prestigious awards such as the Sheikh Khalifa Gold Award, the Mohammed Bin Rashid Al Maktoum Business Award, the Dubai Quality Award, the Middle East Excellence Award 2008, ACN Arab Technology Award for the Banking & Finance, CIO Award of The Year, the Middle East e-Banking Country Award, the Outstanding use of IT in Financial Services Award, and excellence award for Best use of Technology from Banker Middle East.

NBAD, The Number One Bank in UAE, is poised for further growth in line with its Vision - To be the Number One Arab Bank.

For further enquires, please contact:

Ehab Khairi
Media & PR Manager
National Bank of Abu Dhabi
Tel: +97126111190

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