Representatives from National Bank of Fujairah with participants in the NBF GenNext initiative
National Bank of Fujairah PJSC (NBF) announced this week that it is hosting its second annual “NBF GenNext” initiative. Designed as a leadership programme to help the children of the bank’s corporate and institutional banking clients develop business skills for when they take on leadership roles within their family businesses. Around 20 individuals will be participating in the week-long summit this year.
Developed in conjunction with Fitch Learning, participants in the NBF GenNext programme are guided through management and financial principles ranging from identifying shareholder returns to developing corporate funding strategies that are appropriate for their businesses. NBF’s management will also present insights on how to successfully run a business and sustain it for future generations. NBF GenNext has become an annual client engagement programme tailored to different succession planning requirements of its corporate customers.
This programme was envisioned to help clients develop a strong pipeline of capable young leaders that would help grow their businesses and preserve them for future generations. The bank’s efforts in this area are aligned with its widely-recognised position as a customer-orientated bank that constantly looks to educate and provide access to knowledge that delivers long-term value to clients.
The programme is part of the NBF Knowledge Series, and an extension to an event the bank hosted earlier this year, where it sought to educate clients about relevant issues relating to their businesses such as the UAE’s Commercial Company Law, and the impact of the impending VAT regulations.