Emirates NBD appoints Chief Investment Officer

Published August 23rd, 2009 - 05:43 GMT

Emirates NBD, the region’s top bank in terms of assets, announces the appointment of Mr. Gary Dugan, a renowned and respected UK financial industry expert as the new Chief Investment Officer (CIO) for its Private Banking division.

As CIO, Gary will be in charge of the overall investment policy of the Private Banking and will lead a core team that will provide strategic and tactical asset allocation advice to Private Banking clients for investments across several asset classes. He will also be responsible for establishing economic and market views of Emirates NBD Private Banking.

Mr. Jamal Bin Ghalaita, Deputy CEO, Emirates NBD stated, “We are pleased to welcome Mr. Gary Dugan to our group. His achievements, exceptional talent and expertise in the investment field will be an immense asset for Emirates NBD.”

Prior to joining Emirates NBD Private Banking, Gary was the Managing Director and Chief Investment Officer at Merrill Lynch Global Wealth Management, where he provided invaluable contribution to both discretionary and advisory portfolios. Under his leadership new investment processes were introduced which influenced profitability across all asset classes. Gary also served as Managing Director and Head of Research and Investment Strategy at Barclays Wealth Management where he re-structured and led a team of experts covering equities, bonds, currencies, alternative assets, fund research, strategic and tactical asset allocation.

A prominent figure in the UK financial media circles, Gary has spoken in the European parliament on the implications of the introduction of the Euro for financial markets; and was chosen as a runner up in a wealth industry survey for Investor of the Year 2008/09.

Speaking on his appointment, Gary said, “I am very pleased to join the region’s banking champion and to be a part of the vision of Emirates NBD. This organization has a history of pioneering achievements in the UAE banking industry and I am looking forward to contributing to its future as it unfolds.”


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