Emirates NBD announces changes to management team, veteran banker Suvo Sarkar to retire

Emirates NBD, a leading banking group in the MENAT, Middle East, North Africa and Turkey, has announced various strategic changes to its Group Executive Committee, including expanding the responsibility of existing senior management team members.

Veteran banker Suvo Sarkar, Group Head of Retail Banking and Wealth Management will retire after a successful decade-long tenure at Emirates NBD, underpinned by his deep banking knowledge, steadfast temperament, ability to inspire others and relentless focus on innovation.

Marwan Hadi has been appointed Group Head of Retail Banking and Wealth Management and a member of the Group Executive Committee, succeeding Suvo Sarkar. Marwan joined the bank in 2019 as Head of Retail Banking, UAE and has been pivotal in steering the success of the Retail Business over the last few years. He brings with him over 18 years of banking experience in which he has held several senior positions including Head of Retail Banking and Wealth Management UAE at HSBC Bank Middle East Limited.

Ahmed Al Qassim, currently Group Head of Corporate and Institutional Banking and member of the bank’s Group Executive Committee, will expand his role to include Global Markets, Treasury and Research to become the Group Head of Wholesale Banking. Al Qassim has over 18 years of commercial and investment banking experience in senior leadership positions and in his current role, has delivered substantial growth and championed the adoption of digital innovation, AI and customer experience to enhance the bank’s corporate banking proposition.

Ammar Al Haj has been appointed as Group Treasurer and Head of Global Markets.  Ammar is an experienced Global Markets and Treasury expert having worked across foreign exchange, interest rate derivatives, global funding and principal investments, asset and liability management.  Ammar will also join the bank’s Group Executive Committee.