Emirates NBD Asset Management has named Tariq Bin Hendi as new CEO, replacing David Marshall.
In his new role, Bin Hendi will oversee the creation and management of the bank’s investment product lines as well as further grow and develop the bank’s asset management business.
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He will also be responsible for managing Emirates NBD Asset Management, Emirates NBD Securities and Emirates NBD Capital KSA. Bin Hendi has over 13 years of asset management, private equity and investment banking experience.
Additionally, Marshall will assume a newly created role as general manager, products and advisory, wealth management within Emirates NBD’s retail banking & wealth management division.
Bin Hendi joined Emirates NBD from Commercial Bank of Dubai, where he set up their Investment Banking business.
Prior to this, he has held roles at Citigroup, Mubadala and Dubai Holding and has worked in the UAE, New York, Atlanta and London.
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By GlobalDataSuvo Sarkar general manager retail banking and wealth management Emirates NBD said: "Tariq’s appointment underscores our commitment to continue building an exceptional asset management business that is the regional benchmark."
Bin Hendi said: "Our focus over the next few years will be to further broaden our investor base, both regionally and abroad, while continuing to deliver superior returns to our clients, as we consolidate into a truly world class asset management house."
