The ENBD CEO during his meeting with Khalaf Al Habtoor
Al Habtoor Group Chairman held high-level talks with senior bankers from Emirates NBD including Shayne Nelson, Group Chief Executive Officer from the leading UAE retail banking franchise. Also present was Mahdi Kazim, General Manager for the Large Corporate Global Banking Division of the bank; Mohammed Al Habtoor, Vice Chairman and CEO, Al Habtoor Group; Paul Rayner, Advisor to the Chairman; KP Rajan, Group Financial Advisor;Arun Krishnan, Chief Financial Office and Ahmed Al Otaiba, Director/Member of the Board.
This was the first meeting between the Al Habtoor Group Chairman and the new ENBD Group CEO. Nelson took over recently as Group CEO of Dubai’s biggest bank from former Chief Executive Rick Pudner. He was previously CEO of Standard Chartered Private Bank, and also held a number of key positions in two of Australia’s major banks, Westpac Banking Corp. and National Australia Bank.
Al Habtoor informed Nelson about the economic climate in Dubai and told him about the projects currently underway, as well as future plans for the Group. He said, “I am 100 per cent confident in our economy, our vision and the future of our country. This is arguably the only safe haven left for investors.”
“The UAE offers a stable platform for investors,” he said. “This is why the Al Habtoor Group is investing heavily here.”
They also commented on the boom in real estate in the city. Al Habtoor said, “There is no bubble as investors have a more realistic attitude towards buying in today’s economic climate.”