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Mon 25 Jan 2016 03:03 PM

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Dubai's biggest bank appoints new chief investment officer

Former JPMorgan exec Gary Dugan returns to Emirates NBD after previously serving as CIO in 2009-12

Dubai's biggest bank appoints new chief investment officer

Emirates NBD, Dubai's biggest bank, announced the appointment of former JPMorgan senior executive Gary Dugan as chief investment officer – wealth management.

Dugan returns to Emirates NBD having served as CIO between 2009 and 2012 and has also held CIO roles at Barclays and Merrill Lynch in London, Coutts in Singapore and most recently at National Bank of Abu Dhabi.

For eleven years he worked for JPMorgan in London where he was a managing director and was recently named leading GCC private banker by GCC Wealth Briefing.

Dugan will be responsible for leading the CIO office within Emirates NBD Wealth Management, providing guidance to Emirates NBD’s private banking and retail clientele.

Commenting on the appointment, Suvo Sarkar, senior EVP & group head – Retail Banking & Wealth Management, Emirates NBD said: “We are delighted to welcome Gary back to Emirates NBD. His impeccable track record, global outlook on investments covering all asset classes and regional experience make him an extremely valuable asset to the bank.

"We look forward to gaining from his expertise in investment strategies as we accelerate our wealth management offering across the Middle East and North Africa (MENA) region and to key international markets.”

Dugan added: “I very much look forward to taking up the reins again to work with the team to deliver the most accurate and honest advice about how to circumnavigate the current challenging global markets.”

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