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Alex Thursby steps down as group CEO of NBAD

Alex ThursbyNational Bank of Abu Dhabi (NBAD) announces that Alex Thursby has stepped down as group chief executive officer after over three years in the role.

Mr. Thursby became the Group Chief Executive Officer of the National Bank of Abu Dhabi (NBAD) on July 1, 2013. Mr. Thursby joined NBAD from ANZ Bank where he was CEO of International and Institutional Banking.

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During his six-year career at ANZ, he also served as the CEO of Asia Pacific and America. He was the architect of ANZ’s international expansion.

Prior to ANZ, Mr. Thursby was with Standard Chartered Bank for 21 years, working in various functions, including corporate and institutions, wholesale banking, derivatives, and lease finance. He also managed the bank’s business in diverse geographical areas, including Africa, the Americas, Asia and the Pacific.

Over the course of his extensive banking career, Mr Thursby has worked in Hong Kong, Indonesia, Singapore, the UK, and now in the UAE.

Mr. Thursby earned his Bachelor of Business Administration degree in Australia. He also attended the London Business School – International Business Consortium, and the Senior International Management program at Insead.

Abhijit Choudhury, NBAD’s Group Chief Risk Officer, has been appointed as acting CEO.

Mr. Choudhury joined NBAD as Chief Risk Officer in December 2006. Mr. Choudhury started his banking career with ANZ Grindlays Bank in India and continued to develop a comprehensive knowledge of Mideast markets after 17 years at the Arab Banking Corporation in Bahrain.

With a banking career spanning 37 years, he currently oversees independent risk management of NBAD’s activities and future growth plans. He also serves as a member of the Institute of International Finance’s (IIF) Steering Committee on Regulatory Capital.

Mr. Choudhury holds a Master’s Degree in Economics from the Jawaharlal Nehru University, New Delhi, India.

He will work closely with Deputy Group CEO Abdulla MS AbdulRaheem to lead the bank until the completion of the proposed merger with FGB, which is scheduled for the first quarter of 2017.

Khalifa Sultan Al Suwaidi, who is currently a member of NBAD’s Board of Directors, will take on the newly created position of Managing Director to support the bank through the integration planning process until the merger completes.

Abdulhamid M. Saeed, the current Managing Director of FGB, was announced on July 3 as the CEO designate of NBAD, and is due to take up this position on completion of the merger.




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