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NBAD hires Head of Transaction Management

National Bank of Abu Dhabi (NBAD), has appointed Richard Stumbles as Head of Transaction Management, Debt Origination and Distribution.

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Mr. Richard is a UK qualified lawyer with over 15 years’ experience in debt capital markets transaction management.  He joins NBAD from HSBC in Dubai where he headed the MENA Transaction Management Group in Capital Financing. Prior to this he worked in similar roles at Barclays Capital and Deutsche Bank in London.

Andy Cairns, Global Head of Debt Origination and Distribution at NBAD, said: “Richard brings market leading expertise having worked on many of the region’s landmark financing transactions of the past 7 years. NBAD is committed to delivering expert advice and assistance to borrowers in all aspects of transaction documentation spanning bonds, Sukuk and syndicated loans. I am confident that Richard’s joining gives us a competitive advantage in making the fundraising process as straightforward as possible for our clients.”

Last year, NBAD has raised AED73.38 billion equivalent via bond, Sukuk and syndicated loan markets for UAE clients, more than any other domestic or international bank in 2015, according to Dealogic, the capital markets data provider.

About NBAD

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NBAD has one of the largest networks in the UAE, with an expanding network of 114 branches and cash offices and more than 574 ATMs across the country. NBAD’s growing international network consists of about 60 branches and offices in 18 countries stretching across five continents from the Far East to the Americas, giving it the largest global network among all UAE banks.

Since 2009, NBAD has been ranked consecutively as one of the World’s 50 Safest Banks by the prestigious Global Finance magazine, which also named NBAD the Safest Bank in the Emerging Markets and the Middle East.

NBAD is rated senior long term/short term AA-/A-1+ by Standard & Poor’s (S&P), Aa3/P1 by Moody’s, AA-/F1+ by Fitch, A+ by Rating and Investment Information Inc (R&I) Japan, and AAA by RAM (Malaysia) , giving it one of the strongest combined rating of any  Global  financial institution.

A comprehensive financial institution, NBAD offers a range of banking services including retail, investment and Islamic banking. NBAD grows strategically toward its vision to be recognised as the World’s Best Arab Bank.

For more information please visit our corporate webpage at: www.nbad.com

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