| Kippreport.com

UAE’s NBAD appoints new private banking head for Abu Dhabi

December 18, 2011 11:44 by Reuters

Abu Hijleh, who joined NBAD Private Banking in 2007, was most recently the regional head of business development in private banking with focus on the North Africa region.

The move signals greater emphasis by the UAE’s largest bank by market value on tapping into the high net worth segment in its home market of Abu Dhabi, the wealthiest emirate in the country which also holds over 90 percent of its oil reserves.

The region is one of the largest markets for global private banking businesses targeting high net worth clients and family offices, but international banks have so far been the dominant players.

Now, more regional banks are eyeing expansion opportunities in this segment in their home markets. (Reporting by Rachna Uppal)

Tags: Abu Dhabi, Banking, Ghadeer Abu Hijleh, moves, NBAD, private banking, UAE