There is change at the top of the asset management arm of the Middle East-headquartered bank.

Emirates NBD Asset Management, the fund management arm of Emirates NBD, has appointed Tariq Bin Hendi as its new chief executive, according to the Zawya website. His post was also confirmed by his LinkedIn profile.

Bin Hendi, who has more than 13 years’ of asset management, private equity and investment banking experience, is mandated to further grow and develop Emirates NBD Asset Management's business, the report said. (WealthBriefing sought to confirm the details but was unable to do so at the time of going to press.)
 
He takes over from David Marshall who will move into the newly created position of general manager - products and advisory, wealth management within Emirates NBD's retail banking and wealth management division. In his new role, Marshall will be responsible for the creation and management of the bank's investment product lines, in addition to line management responsibility for Emirates NBD Asset Management, Emirates NBD Securities and Emirates NBD Capital KSA, the report said.

Bin Hendi was previously with Commercial Bank of Dubai where he helped set up its investment banking business. He has held prior roles at Citigroup, Mubadala and Dubai Holding and has worked in the UAE, New York, Atlanta and London. He also holds degrees from Columbia University, London Business School and Clayton State, and will soon be completing his PhD from the Imperial College of London.