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NBAD Launches Operations In Hong Kong |
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The National Bank of Abu Dhabi (NBAD), has announced the launch of its first branch in Hong Kong, heralding the beginning of its operations in Asia. NBAD is the banker to the Government of Abu Dhabi, which owns 70.48% of the Bank’s equity through the Abu Dhabi Investment Council. Commenting on this significant move, Group Chief Executive of NBAD, Michael Hardwick Tomalin, said "I’m delighted that Hong Kong, with its strategic importance as a regional hub, is the location for our first branch in Asia. The move demonstrates our confidence in the local market and in our ability to provide excellent products and services in the region." He continued, "This is a major milestone for NBAD. We will bring the same enthusiasm and passion that we apply in the UAE to help us succeed in the Hong Kong and Asia markets, as we aspire to become the Number One Arab Bank worldwide. Hong Kong offers vast opportunities, in view of the ideal gateway it provides to Asia’s rising economies." Senior General Manager, International Banking Division of NBAD, Qamber Ali Al Mulla commented, "Building on our success and expertise in the UAE and the Greater MENA region, the Hong Kong Branch will serve as a gateway to the UAE and the MENA region for our clients in Asia. Ernest Law, Regional Manager Hong Kong, NBAD, said, "We are delighted to be the first Arab bank to acquire a full banking license in Hong Kong, which demonstrates our commitment to the local market and to serving our clients in this part of the world".
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