Emirates NBD hired Patrick Sullivan as its new chief financial officer, marking yet another translation of a Standard Chartered exit into a hire for the Dubai lender.
Sullivan replaces Surya Subramanian, another ex-Standard Chartered banker, who joined in 2010 to succeed Sanjay Uppal, a one time CFO for Standard Chartered’s UAE business. Sullivan was previously Standard Chartered’s group chief financial officer.
The Standard Chartered legacy is felt not only in the finance division but across the entire Emirates NBD network. Standard Chartered alumni who have recently joined Emirates NBD include: former private banking CEO Shayne Nelson, who is currently Emirate NBD’s CEO; former UAE CEO Jonathan Morris, who is currently head of wholesale banking; Suvo Sarkar, current head of retail; and Manoj Chawla, current chief risk officer.
As of 31 December 2018, Emirates NBD had assets totaling around $136 billion with global operations employing more than 9,000 people. The bank posted a third-quarter profit surge of 89 percent after the IPO of partially owned Network International – the largest payment processor i the Middle East and Africa.
