Emirates NBD Asset Management appoints David Marshall as new Senior …

Oct 31 2012

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Emirates NBD

Dubai, October 31, 2012:
Emirates NBD
Asset Management Limited, the asset management arm of
Emirates NBD
, a leading bank in the region, announced today the appointment of David Marshall as its new Senior Executive Officer, with the mandate to further grow and develop
Emirates NBD
Asset Management in line with global industry benchmarks. Marshall takes over from Deon Vernooy, who has moved on to pursue other career opportunities.

Pierre Pissaloux, General Manager, Wealth Management,
Emirates NBD
, said: “I am delighted to announce David’s appointment from within the group. David brings with him more than 16 years of extensive and varied experience in the financial services industry, both in the region and abroad, and I am confident that under his leadership, the Asset Management division will continue to grow from strength to strength.”

Prior to his appointment as head of the business, David was Head of Product and Distribution,
Emirates NBD
Asset Management, and was responsible for investment product development and the management of the company’s global distribution channels.

Emirates NBD
Asset Management is committed to delivering superior products to its investors. Our team is one of the most experienced in the Middle East, and as such we have been pioneers in helping to develop the asset management industry in the region. David will be instrumental in ensuring that the Asset Management business continues to be at the forefront of the industry.” added Pissaloux.

David Marshall said: “I am delighted to take on this new challenge and I look forward to working with the team to continue to build the business into a truly world class asset management house. We will look to grow – within the newly created Wealth Management platform – our existing distribution network, both internally and externally, and work towards enhancing our existing institutional relationships. The objective is to make sure that all our clients – from Retail to Private Banking, as well as outside the
Emirates NBD
Group – benefit from our capabilities, and that we provide all our investors with sound and robust opportunities.”

Emirates NBD
Asset Management has continued to add to its distribution network, establishing links with companies such as Zurich International, Friends Provident International, Allfunds, Royal Skandia, Salama, Oman Insurance, Hansard, and iFast.

Emirates NBD
Asset Management has, on a number of occasions, been recognized by external awards, most recently as the ‘UAE Asset Manager of the Year’ and the ‘Sukuk Manager of the Year’ at the 2012 Global Investor/ISF Middle East Awards.
Emirates NBD
Asset Management was also named the ‘MENA Sukuk Manager’ of the year at the 2012 Global Investor/ISF Investment Excellence Awards, ‘Best Islamic Wealth Management Service Provider’ at the 2012 Sukuk Summit – Islamic Finance Awards of Excellence.

These awards follow on from the previous year, when
Emirates NBD
Asset Management was awarded the ‘Equity Manager of the Year’ at the Global Investor/ISF Middle East awards and declared the ‘Best Fund Management Company’ at the 2011 Arab Achievement awards.

Emirates NBD
Asset Management has also had seven of its flagship funds graded Silver by SP, including obtaining a Silver grading for the Emirates MENA Fixed Income Fund in 2012, the only such fund to be graded, as well as for The Emirates Global Sukuk Fund.


Emirates NBD

Emirates NBD
is a leading banking Group in the region. As at 31 December 2011, total assets were AED 284.6 billion. The Group has a leading retail banking franchise in the UAE, with over 168 branches and over 780 ATMs and SDMs. It is a major player in the UAE corporate banking arena and has strong Islamic banking, Global Markets Treasury, Investment Banking, Private Banking, Asset Management and Brokerage operations.

The Group has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, Singapore, the United Kingdom and Jersey (Channel Islands), and representative offices in India and Iran.

The Group is an active participant and supporter of the UAE’s main development initiatives and of the various educational, environmental, cultural, charity and community welfare establishments.

For more information, please visit: www.emiratesnbd.com

Emirates NBD
Asset Management:

Emirates NBD
Asset Management, which is regulated by the Dubai Financial Services Authority, is the asset management division of
Emirates NBD
Bank, one of the largest banks by assets in the MENA region. The asset management entity manages a range of products including MENA equity and fixed income funds and portfolios, global risk profiled funds and a complete range of Shari’a compliant instruments. The
Emirates NBD
Asset Management managed funds are domiciled in Jersey and are regulated by the Jersey Financial Services Commission.

For further information, please contact:
Hala Zamani/ Hassan Al Khuwaildi
Group Marketing, Emirates NBD
Tel: 971-4–6093458/ 971-4-6093459
Mob: 971 50 8595599/ 971 50 7454454
Email: halaZ@emiratesnbd.com / HassanAl@emiratesnbd.com

Sudha Chandran / Hiba Moussa
ASDA’A Burson-Marsteller
Dubai, UAE
Tel: 971-4-4507600 Fax: 971-4-4358040
Email: Sudha.chandran@bm.com,hiba.moussa@bm.com

© Press Release 2012

© Copyright Zawya. All Rights Reserved.


Wednesday, October 31st, 2012 EN

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