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Commercial Bank of Dubai names Saudi Hollandi’s Linder as CEO

Commercial Bank of Dubai names Saudi Hollandi’s Linder as CEO

Van Linder will replace Peter Baltussen, whose retirement was confirmed by the bank last month

Commercial Bank of Dubai has announced the appointment of Dr Bernd van Linder as its new CEO.

Van Linder will replace Peter Baltussen, whose retirement was confirmed by the bank last month.

Read: Commercial Bank of Dubai CEO to retire

The incoming executive built his career at ABN AMRO in the Netherlands and was general manager of the treasury of Saudi Hollandi Bank before becoming CEO in 2009, according to a bourse statement.

Coincidentally Baltussen was also CEO of Saudi Hollandi Bank before joining CBD in 2006.

CBD said it considered a number of candidates for the role, but unanimously chose van Linder for his credentials and expertise in regional financial services.

Chairman Saeed Chobash said the board was confident van Linder would ensure a focus on growth and modernisation at the bank.

He will take the position early next year pending regulatory approval

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