Top Five Bank for Gulf Bonds Sports Local Bragging Rights - Bloomberg:
"The top local bank for bond sales in the Gulf Cooperation Council this year jumped five spots to match its highest ranking ever.
National Bank of Abu Dhabi PJSC was beaten by only HSBC Holdings Plc and Standard Chartered Plc (STAN) for debt deals in the six-nation GCC, according to data compiled by Bloomberg. The Abu Dhabi-based lender underwrote $2.46 billion of sales in 2014, with its third-place ranking the same as in 2012.
The bank’s return to the top five comes just over a year after hiring Alex Thursby, a former chief executive officer of international and institutional banking at Australia & New Zealand Banking Group Ltd. NBAD is seeking “to build a global position in debt capital markets,” Thursby said in an interview earlier his month, and is reducing its emphasis on loan growth to boost income from investment banking and wealth management."
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