Wednesday 9 October 2013

Abu Dhabi's NBAD Plans Asia Push For Debt Markets Business » Gulf Business

Abu Dhabi's NBAD Plans Asia Push For Debt Markets Business » Gulf Business:

"National Bank of Abu Dhabi plans to expand its debt capital markets (DCM) business into Asia to help companies secure funding from the Middle East & North Africa (MENA), a senior bank official said on Tuesday.

NBAD, the largest lender by market capitalisation in the United Arab Emirates and the most active in debt markets, will hire staff to drive the Asia business and be based in Singapore, which will be the bank’s wholesale banking hub for the region.

“We have a large number of clients in Asia who are looking for liquidity from the MENA region and we have access to investors in MENA,” Mark Yassin, senior general manager, global banking told Reuters at a conference in Abu Dhabi.

The lender is positioning itself to be a global bank by building international franchises and hubs in some of the fastest growing economies under its new group CEO Alex Thursby."

'via Blog this'

No comments:

Post a Comment