Emirates NBD Asset Management appoints Tariq Bin Hendi as new Chief Executive Officer

3 Min | 13 July 2015

Bin Hendi brings 13 year track record in asset management, private equity and investment banking

Bin Hendi brings 13 year track record in asset management, private equity and investment banking
David Marshall promoted to General Manager – Products and Advisory, within the Wealth Management division of Emirates NBD

Dubai, July 13, 2015: Emirates NBD Asset Management Limited, the asset management arm of Emirates NBD, a leading bank in the region, has appointed Tariq Bin Hendi as its new Chief Executive Officer. Bin Hendi, a talented UAE National with over 13 years of asset management, private equity and investment banking experience, is mandated to further grow and develop Emirates NBD Asset Management's business.

Bin Hendi takes over from David Marshall who will move into the newly created position of General Manager – Products and Advisory, Wealth Management within Emirates NBD's Retail Banking & Wealth Management division. In his new role, Marshall will be responsible for the creation and management of the Bank's investment product lines, in addition to line management responsibility for Emirates NBD Asset Management (Emirates NBD AM), Emirates NBD Securities and Emirates NBD Capital KSA.

Suvo Sarkar, General Manager – Retail Banking and Wealth Management, Emirates NBD said, "Tariq's appointment underscores our commitment to continue building an exceptional asset management business that is the regional benchmark. He brings strong leadership skills and regional experience, which together with our in-house investment expertise uniquely positions Emirates NBD AM to capitalise on opportunities in the region. I wish Tariq success as he carries forward the strong legacy left by David in creating an award-winning asset management platform."

Bin Hendi was previously with Commercial Bank of Dubai where he helped set up their Investment Banking business. He has held prior roles at Citigroup, Mubadala and Dubai Holding and has worked in the UAE, New York, Atlanta and London. Tariq holds degrees from Columbia University, London Business School and Clayton State, and will soon be completing his PhD from the Imperial College of London.

Tariq Bin Hendi said: "I am delighted to have the opportunity to join Emirates NBD, one of the leading banks in the region, and I look forward to working with the team in this next stage of the development of our asset management business. Our focus over the next few years will be to further broaden our investor base, both regionally and abroad, while continuing to deliver superior returns to our clients, as we consolidate into a truly world class asset management house."

Sarkar continued, "I would like to thank and acknowledge David Marshall for his instrumental role in driving Emirates NBD Asset Management's business. With his extensive experience and successful track record, we are confident he will add significant value to the bank's wealth management division by enabling innovative investment opportunities for new and existing clients."

Emirates NBD Asset Management, regulated by the Dubai Financial Services Authority (DFSA), is the leading asset manager in the Middle East region, and manages a range of products including MENA equity and fixed income funds and portfolios, UAE real estate, global risk profiled funds and a complete range of Shari'a compliant instruments.

The company has consistently received industry accolades. Recent awards include: Best MENA Fixed-Income Fund Manager 2015' by CFI.co (Capital Finance International), UAE Asset Manager of the year for the third consecutive year, Fixed Income Fund of the Year for the Emirates MENA Fixed Income Fund and Real Estate Fund of the Year for the Emirates Real Estate Fund at the MENA Fund Manager Performance Awards 2015; 'Fixed Income Manager of the Year' and 'CEO of the Year' at the 2014 Global Investor/ ISF Investment Excellence Awards; 'Best Investment Management Company 2014, UAE' at the World Finance Investment Management Awards 2014; and 'Best Regional Fund Manager' at the Banker Middle East Industry Awards.

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