Emirates NBD, a leading banking institution in the region, has announced the promotion of Saod Obaidalla to Executive Vice President, Head of Private Banking, presuming overall responsibility of the bank's international exclusive banking company.

Saod has been an integral part of Emirates NBD for over 20 years in various elderly functions across wholesale as well as retail banking. He joined the Private Banking team (PB) in 2010 to establish the Royal Accounts section and most recently, successfully look after the UAE as well as GCC markets for PB.

In his new part, Saod will look after and handle relationships with the banking institution's HNW (high net worth) and UHNW (ultrahigh total assets) people and family companies with financial possessions in excess of US$ 1 million.

"Saod's encounter as well as wealth competence featured him well to lead our personal banking business as we look to increase our method across the region and various other markets, said Suvo Sarkar, Senior EVP & Group Head-- Retail Banking & Wealth Management, Emirates NBD. "Saod will play a critical function in honing partnerships with our essential customers and also reinforcing the value proposition of our private financial business. I would certainly likewise want to take the opportunity to thank Michael Chahine who will certainly be retiring at the end of March 2016 after having actually added substantially to the business because September 2011.".

Talking about his consultation, Saod Obaidalla specified: "I am honoured to lead Emirates NBD's personal financial department as we continuously strengthen our wide range administration recommendation to personal customers. With a deep idea right into our customer needs, as well as an unique array of solutions as well as products, Emirates NBD PB has built a fully fledged financial investment advisory platform. I anticipate building on our stellar performance history to handle as well as establish our long-standing client network.".

Emirates NBD Private Banking presently has actually dedicated offices in Dubai, Abu Dhabi, Riyadh, London and Singapore, and becomes part of Emirates NBD, the leading financial team in the area and also a major player in the UAE Wholesale Banking field with solid Islamic Banking, Global Markets & Treasury, Investment Banking, Asset Management as well as Brokerage operations. It was lately named 'Outstanding Private Bank-- Middle East' at the 2015 Private Banker International Global Wealth Awards as well as was also highly complimented for 'Outstanding NRI/Global Indians Offering' at the gives event.