In Picture: UAE Brits List 2014 - Banking and Finance
2. Alex Thursby
National Bank of Abu Dhabi
Banking and Finance
Our highest new entry this year is the man running the UAE’s biggest bank. Alex Thursby became the group CEO of National Bank of Abu Dhabi (NBAD) on 1 July 2013. He joined NBAD from ANZ Bank where he was CEO of its International and Institutional Banking arm. During his six-year career at ANZ, he also served as the CEO of Asia Pacific and America, and as the head of Corporate and Institution in Wholesale Banking NE. He was the architect of ANZ’s international expansion. Before ANZ, Thursby served for 21 years at Standard Chartered Bank; working in various functions such as corporate and institutions, wholesale banking, derivatives, and lease finance; and managed Standard Chartered’s business in diverse geographical areas that included Africa, Americas, Asia and Pacific. During his career, he has worked in Hong Kong, Indonesia, Singapore, UAE and the UK.
Right now, Thursby is concentrating on building up NBAD’s retail and commercial banking operations as the lender pursues an aggressive expansion strategy both in the UAE and abroad.
The small kingdom is among the most economically vulnerable of the GCC states, with high debt levels, low reserves and slow GDP growth. But it has identified jewels in its accelerating non-oil economy that will help it forge a new path for the future.