Emirates NBD Securities strengthens commodities trading team with new appointment

Press release

Published June 22nd, 2015 - 07:13 GMT

Dharmesh Bhatia, Emirates NBD Securities Commodities Market Manager

Emirates NBD Securities, the brokerage arm of Emirates NBD and a leading brokerage firm in the UAE, announced today the appointment of Dharmesh Bhatia as Commodities Market Manager as part of its strategy to further strengthen its capabilities within commodities and currency derivatives offering.

Bhatia joins Emirates NBD Securities with extensive experience in commodities trading. Most recently, Bhatia was the Head of Technical Research Team at Kotak Commodities in Mumbai, India, where he was responsible for covering a range of sectors including, bullion, base metal, energy, agriculture commodities.

Reporting to Abdulla Al Hosani, General Manager of Emirates NBD Securities, in his new role, Bhatia will focus on further developing the firm’s commodities and derivatives business on the back of the recent launch of eBrokerDYNAMIC.

Emirates NBD Securities offers clients an unmatched online trading experience in Dubai Gold & Commodities Exchange (DGCX) with its eBrokerDYNAMIC offering. Launched in 2014 as part of expansion in commodities and currency research, the eBrokerDYNAMIC provides a fast and reliable online execution platform facilitating direct access to DGCX and trading across commodities, futures & options, and currency markets.

Commenting on the appointment, Abdulla Al Hosani, General Manager of Emirates NBD Securities, said: “We are delighted to welcome Bhatia to Emirates NBD Securities. He brings extensive experience in the commodities sector, enabling us to leverage on his expertise and our in-house research to capturing attractive investment opportunities for our clients. We are confident that his industry experience and client relationships will be invaluable as we continue to invest in and expand our commodities business.”

Backed by robust planning and exceptional leadership, Emirates NBD Securities is currently a leading brokerage firm in the UAE. Emirates NBD Securities boasts of a diversified and growing client base, underscored by a robust customer care centre, a research department, dedicated relationship managers, multi-markets to invest in, as well as other products and services. As part of its commitment to offer investment opportunities to customers, the firm recently launched its new trading platform on TADAWUL, the Saudi Stock Exchange.

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.