Emirates NBD has appointed its new chief executive officer to replace the outgoing Rick Pudner.
The Dubai bank has poached Shayne Nelson, formerly the CEO of Standard Chartered Private Bank, following Pudner’s shock resignation in April.
Emirates NBD had previously said Pudner will see out his role until the end of the year when the change of position is expected to happen.
“I am very pleased to be joining the Emirates NBD Group, a successful financial services organisation that has established itself as a leading regional banking champion with strong aspirations for growth,” said Nelson, through an official statement.
Outgoing chief executive, Pudner, said: “I am very grateful to have had the opportunity to lead Emirates NBD for the last eight years…I would also like to welcome Shayne to Emirates NBD by wishing him all the best in his new role.”
Commenting on the news, His Highness Sheikh Ahmed Bin Saeed Al Maktoum, chairman of Emirates NBD said, “We would like to welcome Shayne Nelson to the Emirates NBD family and wish him the very best in his new role…We would also like to take this opportunity to thank Rick Pudner for playing a vital role in leading Emirates NBD towards growth and success during his service as the Group’s CEO.
“Rick’s excellent leadership skills and professionalism steered the Bank in directions that ensured a robust performance year after year. We wish him all the best and success in his future endeavours.”