Emirates NBD appoints General Manager for Retail Banking

Press release

Published June 20th, 2012 - 08:27 GMT

Al Bawaba

Emirates NBD, a leading bank in the region, today announced the appointment of SuvoSarkar as the new General Manager for Retail Banking.

Sarkar, a much respected figure in the UAE banking sector, returns to the bank after two years in the capital with National Bank of Abu Dhabi. In his last stint with the bank Sarkar was instrumental in the smooth transition of retail banking during the merger of Emirates Bank and National Bank of Dubai in 2007.

Sarkar has extensive experience in the banking industry spanning24 years in the Middle East and South Asia. The appointment comes at a time when the bank is boosting its human capital and bringing the best in the industry to service its customers.

Commenting on the appointment, Rick Pudner, Group CEO, Emirates NBD, said, “I would like to congratulate and welcome Suvoto Emirates NBD. He brings a wealth of experience and has tremendous knowledge of the UAE banking sector; it is great to have him in our team.

“The bank is focused on attracting and retaining the most talented staff from across the region and globally to develop innovative products and services that meet the constantly evolving needs of our customers.”

Sarkar, who will be reporting to Pudner, said he was happy to be back in the Emirates NBD fold and looks forward to the new challenge. “The UAE banking sector is constantly progressing and setting new service standards in the region. Emirates NBD is a very strong brand and has a tremendous opportunity in setting new standards in product innovation, introducing new technologies, investing in expanding our retail franchise and enhancing the overall customer experience.”

Suvo has a graduate degree in engineering and is an MBA and gold medalist from the prestigious Indian Institute of Management, Calcutta. He is a qualified investment consultant and has trained at INSEAD and Oxford University. He speaks regularly at global and regional conferences on retail banking, and is a media spokesperson on industry trends.

Background Information

Emirates NBD

Emirates NBD, the leading banking group in the region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across corporate, retail, private, Islamic and investment banking throughout the region.