Abu Dhabi’s NBAD Hires From HSBC as Thursby Seeks to Recruit 450 - Bloomberg:
"National Bank of Abu Dhabi PJSC, the United Arab Emirates’ biggest bank, plans to recruit 450 people this year to improve its retail and commercial banking business.
The hires include about 180 people to sell retail products such as mortgages and personal loans as well as luring customer deposits, Chief Executive Officer Alex Thursby said in a May 1 interview in Abu Dhabi. The bank, which recruited a five-member trade finance team from HSBC Holdings Plc (HSBA), will also seek to add people with experience in North East and South East Asia as it pursues expansion plans stretching from Lagos to Singapore.
Thursby is seeking to boost the bank’s position in retail banking in the U.A.E to the top three by 2018, compared with the current ranking of fifth. The bank is also building hubs in eight global cities to tap an expanding middle class and growing trade and investments flows within a “west-east corridor” that extends from west Africa to the east coast of China."
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