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.