Standard Chartered UAE appoints Chief Executive for Abu Dhabi and Al Ain

Taking up the reins as CEO Abu Dhabi and Al Ain is Briton Jeremy Parrish who joins Standard Chartered UAE after three years as Standard Chartered's Head of Corporate and Institutional Banking for the UK and Europe.

"This new appointment is in line with our determination to significantly penetrate the high potential market of the UAE capital which is now rapidly opening up to foreign investment," said Parrish.

"We believe wide-scale opportunities exist both on a Corporate and Wholesale banking level and will be announcing new initiatives to drive forward our relationships within the Abu Dhabi emirate."

Parrish, who holds a Masters degree from Edinburgh University, has a Standard Chartered career of 11 years after joining the Bank from the ANZ Banking Group where he was General Manager for Germany and Central Europe.

During his tenure with Standard Chartered he set up and ran the Bank's Corporate Banking Department for Continental Europe which saw him marketing its services to Europe's largest enterprises. He then moved to Asia, firstly to Singapore where he headed up the Corporate Banking Department, dealing with over 2,000 corporate clients and serving as a Director of Standard Chartered Merchant Bank in Singapore.

Further Asian moves followed including a brief stint in Hong Kong where he was charged with reshaping the regional Financial Institutions business before moving to Japan as Country Manager with additional responsibility for Regional Corporate and Institutional banking in South Korean and Australasia.

In 2000, Parrish moved back to London in the dual role of heading up Financial Institutions globally and running the institutional sales team for the UK and Europe.

"Jeremy's extensive experience in pioneering new business roles both within headquarters and throughout Asia make him an ideal candidate for market creation within Abu Dhabi," added Ray Ferguson, CEO, Standard Chartered UAE.