UAE-based Emirates NBD has appointed Saod Obaidalla as new executive vice president and head of private banking.
In his new role, Obaidalla will be responsible for managing the bank’s global private banking business.
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In addition, he will also manage relationships with the bank’s HNW and UNHW customers and family businesses having financial assets of more than $1m.
Obaidalla has held various senior roles across retail and wholesale banking at Emirates NBD and was most recently overseeing the UAE and GCC markets for private banking (PB). He joined the bank’s private banking team in 2010 to launch the Royal Accounts segment.
Emirates NBD senior EVP and group head of retail banking & wealth management Suvo Sarkar said: "Saod’s experience and wealth expertise equip him well to lead our private banking business as we look to accelerate our strategy across the region and other markets.
"Saod will play an instrumental role in honing relationships with our key clients and strengthening the value proposition of our private banking business. I would also like to take the opportunity to thank Michael Chahine who will be retiring at the end of March 2016 after having contributed significantly to the business since September 2011."
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By GlobalDataObaidalla said: "I am honoured to lead Emirates NBD’s private banking division as we continue to strengthen our wealth management proposition to private clients."
