Emirates NBD Asset Management appoints David Marshall as new Senior Executive Officer

Emirates NBD Asset Management Limited, the asset management arm of Emirates NBD, a leading bank in the region, announced today the appointment of David Marshall as its new Senior Executive Officer, with the mandate to further grow and develop Emirates NBD Asset Management in line with global industry benchmarks. Marshall takes over from Deon Vernooy, who has moved on to pursue other career opportunities.

Pierre Pissaloux, General Manager, Wealth Management, Emirates NBD, said: "I am delighted to announce David’s appointment from within the group. David brings with him more than 16 years of extensive and varied experience in the financial services industry, both in the region and abroad, and I am confident that under his leadership, the Asset Management division will continue to grow from strength to strength."

Prior to his appointment as head of the business, David was Head of Product and Distribution, Emirates NBD Asset Management, and was responsible for investment product development and the management of the company’s global distribution channels.

"Emirates NBD Asset Management is committed to delivering superior products to itsinvestors. Our team is one of the most experienced in the Middle East, and as such we have been pioneers in helping to develop the asset management industry in the region. David will be instrumental in ensuring that the Asset Management business continues to be at the forefront of the industry.”added Pissaloux.

David Marshall said: "I am delighted to take on this new challenge and I look forward to working with the team to continue to build the business into a truly world class asset management house. We will look to grow -within the newly created Wealth Management platform -our existing distribution network, both internally and externally, and work towards enhancing our existing institutional relationships. The objective is to make sure that all our clients –from Retail to Private Banking, as well as outside the Emirates NBD Group - benefit from our capabilities, and that we provide all our investors with sound and robust opportunities.”

Emirates NBD Asset Management has continued to add to its distribution network, establishing links with companies such as Zurich International, Friends Provident International, Allfunds, Royal Skandia, Salama, Oman Insurance, Hansard, and iFast.

Emirates NBD Asset Management has, on a number of occasions, been recognized by external awards, most recently as the ‘UAE Asset Manager of the Year’ and the ‘Sukuk Manager of the Year’ at the 2012 Global Investor/ISF Middle East Awards. Emirates NBD Asset Management was also named the ‘MENA Sukuk Manager’ of the year at the 2012 Global Investor/ISF Investment Excellence Awards,'Best Islamic Wealth Management Service Provider' at the 2012 Sukuk Summit - Islamic Finance Awards of Excellence.

These awards follow on from the previous year, when Emirates NBD Asset Management was awarded the ‘Equity Manager of the Year’ at the Global Investor/ISF Middle East awards and declaredthe ‘Best Fund Management Company’ at the 2011 Arab Achievement awards.

Emirates NBD Asset Management has also had seven of its flagship funds graded Silver by S&P, including obtaining a Silver grading for the Emirates MENA Fixed Income Fund in 2012, the only such fund to be graded, as well asfor The Emirates Global Sukuk Fund.