NCB Capital, the Saudi Arabian wealth manager and investment bank, has appointed Faysal Badran to the newly-created role of chief investment officer.

Badran has spent the past five years in NCB’s office of the chief financial officer and in the international sector, where he was latterly head of international strategy and expansion. He is credited with having played a key role NCB’s acquisition and subsequent reorganisation of Turkiye Finans.

Badran’s former career includes roles at Chase Bank, Bankers Trust, UBS and Middle East Capital Group.

In his new position Badran will be responsible for recommending investment strategies and asset allocations to clients, and he will be working closely with the heads of wealth and asset management on product development and performance monitoring,

NCB had some $14.9 billion in assets under management at end 2010.