Bloomberg News

Emirates NBD to Consolidate Investment Banking Under Subsidiary

November 20, 2011

Nov. 20 (Bloomberg) -- Emirates NBD PJSC, the United Arab Emirates’ biggest bank by assets, will consolidate its investment banking and corporate finance advisory businesses under its subsidiary Emirates NBD Capital Ltd.

The Dubai-based bank appointed Mohammad Kamran Wajid, formerly the general manager for institutional and international banking and debt capital markets at the bank, as general manager of the subsidiary, an official at the bank, who declined to be identified because of company policy, said by phone today.

Emirates NBD Capital is based in the Dubai International Financial Center, a tax-free business park.

--Editors: Claudia Maedler, Shanthy Nambiar

To contact the reporter on this story: Arif Sharif in Dubai at asharif2@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net


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