Faysal Badran, the new Chief Investment Officer at NCB Capital
NCB Capital, the leading GCC wealth manager and Saudi Arabia’s largest investment bank, has appointed Faysal Badran to the new position of Chief Investment Officer.
In this role, Mr Badran will be responsible for recommending investment strategies and asset allocations to clients. Working closely with the head of wealth management and the head of asset management, he will also drive product development and performance monitoring, an essential building block in NCB Capital’s operating platform.
Commenting on his appointment, Jawdat Al Halabi, CEO of NCB Capital, said, “Faysal has extensive experience in both the domestic Saudi market and internationally. We are placing an ever greater emphasis on our wealth management capabilities to provide investment solutions and in this newly-created role Faysal will act as a single point of focus to ensure a comprehensive product and service offering.”
Mr Badran is a Saudi national who has worked in Europe, the Middle East and the US, where he obtained a B.A. in Economics. He joins NCB Capital after nearly five years at NCB in the Office of the Chief Financial Officer and in the International Sector, where he was most recently Head of International Strategy & Expansion. He played a key role in NCB’s acquisition and subsequent reorganization of Turkiye Finans.
Prior to NCB, he worked at The Chase Manhattan Bank, Bankers Trust, UBS, and Middle East Capital Group.
NCB Capital is the leading GCC wealth manager and Saudi Arabia’s largest investment bank with over one million clients and SR 55.9 billion (US$ 14.9 billion) assets under management (December 31, 2010). Its primary focus is the provision of wealth management services and products that help clients meet their financial goals. It has invested substantially in expertise and state-of-the-art technology wealth advisory and reporting systems, as well as in the provision of a diverse range of mutual funds and advanced trading systems.
NCB Capital is a world leader in developing Shariah-compliant wealth management products. Its AlAhli Saudi Riyal Trade Fund is the largest Shariah-compliant fund in the world, with assets under management of SAR16.5 billion (US$4.4 billion).