He will be responsible for setting up an Investment Banking, Asset Management and Private Equity business for the bank. Shahzad joins from Bank of America in London where he was Regional Head for Continental Europe, Middle East & Africa within the Global Investment Banking Group.
Shahzad brings with him approximately 25 years of corporate and investment banking experience in both developed and emerging markets in Europe, Middle East and Asia.
During his career he has been involved in a broad range of financing, capital markets and advisory transactions in the above markets for corporate and institutional clients across several industry sectors. This has included several deals from the Middle East region.
Shahzad has also been involved in setting up several new businesses in the investment banking and capital markets areas for Bank of America, particularly in the emerging markets. Previously he headed Bank of America's emerging markets business in EMEA. More recently he has been involved in building Bank of America's regional investment banking platform for Continental Europe.
Commenting on his appointment, Doug Dowie CEO NBD said, "Given Shahzad's experience, product knowledge, extensive market knowledge including the Middle East and senior leadership positions we are confident that he will be able to establish NBD - Investment Bank as a premier investment bank in the region."
Shahzad's appointment as CEO of NBD Investment Bank Limited will take effect from July 1, 2006.
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NBD appoints new CEO for investment banking
- United Arab Emirates: Tuesday, June 27 - 2006 at 16:56
- PRESS RELEASE
National Bank of Dubai (NBD) has appointed Shahzad Shahbaz as CEO of NBD Investment Bank.
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About National Bank of Dubai:Founded in 1963, the National Bank of Dubai is the oldest, locally incorporated bank in the Southern Gulf. Recognized as the bank with a performance that is second-to-none, NBD has built a reputation of stability and strength much appreciated by shareholders and customers alike.
Offering diversified financial services, NBD is a leader in corporate banking. Its portfolio covers a wide range of services including transport, real estate, construction, manufacturing, tourism and service industries throughout the region. In addition, NBD's 'Private Office' provides private banking services, offering highly tailored solutions to preserve and protect the personal wealth of its customers. Along with supplying customers with a variety of exclusive service based products, secured facilities, Credit Cards, personal loans, , auto loans and home loans, the National Bank of Dubai also offers a variety of treasury products and services, advising customers on exchange markets and interest rate outlook. NBD, also recently launched Suhail Priority Banking Services, a premier banking service offering customers personalized relationship management and a host of exclusive products and services. Furthermore, NBD presents their customers with automated banking services, which consist of an internet service (NBD Online), a telebanking facility (NBD Telebank), and an SMS based service (NBD Mobile). With a comprehensive card portfolio that provides an array of benefits, the National Bank of Dubai has, over the years, built a wide ATM network as well as Point of Sale terminals in select locations throughout the UAE.
The National Bank of Dubai currently has an extensive branch network that includes 39 branches throughout the UAE. In addition, NBD also has a branch in London and a representative office in Tehran.
For further media information please contact:
Nada Lotfy
Tel: +971 4 3344930
Fax: +971 4 3344930
Posted by Janeta Novakovic, Assistant News EditorTuesday, June 27 - 2006 at 16:56 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Wed Mar 28 2007.
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