Tuesday 13 March 2012

UPDATE 1-NBAD CEO to retire, search begins for successor | Reuters

The chief executive officer of National Bank of Abu Dhabi, Michael Tomalin, will retire from the post in a few months and a search is underway for his successor, the bank's chairman announced on Tuesday.

Tomalin, a former chief executive of Barclays Global Private Banking, has been with the bank as CEO for the last 13 years and will remain in a non-executive director's role.

"The bank has commissioned a professional search for Tomalin's successor which was likely to take a few months," Nasser al Sowaidi told the bank's annual general meeting.

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