Lord Tugendhat is retiring from his role as Abbey National chairman and has been succeeded by Lord Burns on 1 February 2002.
In a farewell lunch for business partners, the financial community, media and key accounts, held at the British Embassy in Dubai, Lord Tugendhat, who first came to the Gulf in 1966 reiterated Abbey National's commitment to the region.
Lord Tugendhat also expressed his personal views on the euro, in a keynote speech, he proffered a bullish outlook for the new European currency.
Mike Brighton, General Manager of Abbey National Offshore's Dubai Representative Office, closed the proceedings by presenting Lord Tugendhat with a framed collection of Maria Theresa coins, the first European currency to be traded in the Middle East, which entered the Gulf market in 1780.
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Gulf bids farewell to Lord Tugendhat in his Abbey National role
- United Arab Emirates: Wednesday, February 06 - 2002 at 16:06
- PRESS RELEASE
Lord Tugendhat, Chairman of Abbey National Plc., the UK's sixth largest high street bank, was in the UAE last month as part of his farewell tour of the Gulf in his existing role.
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For further information: Barbara Saunders, MCS/Action, PO Box 20970, Dubai, United Arab Emirates. Tel: +9714 3452126; fax: +9714 3460926
Posted by Anne-Birte Stensgaard, News EditorWednesday, February 06 - 2002 at 16:06 UAE local time (GMT+4)
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This article was updated on Thu Sep 25 2003.
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