Dubai's Biggest Bank Hires StanChart's Patrick Sullivan as CFO
Emirates NBD Names Patrick Sullivan CFO to Replace Subramanian
(Bloomberg) -- Dubai’s biggest bank hired Patrick Sullivan from Standard Chartered Plc as its group chief financial officer.
Sullivan will assume the role from January 1, replacing Surya Subramanian who will leave Emirates NBD PJSC after about nine years. Sullivan is group financial controller at Standard Chartered, according to a spokesman for the Dubai-based bank.
Subramanian, also a former Standard Chartered banker, will return to Singapore to pursue family interests, Emirates NBD said in April.
Emirates NBD on Monday reported 63% jump in nine-month net profit to 12.5 billion dirhams ($3.4 billion), helped by a one-time gain from a stake sale in its card payments processing unit. The bank is seeking to raise 6.45 billion dirhams from a rights share offering as it expands abroad and courts more foreign ownership for its stock.
To contact the reporter on this story: Arif Sharif in Dubai at asharif2@bloomberg.net
To contact the editors responsible for this story: Stefania Bianchi at sbianchi10@bloomberg.net, Shaji Mathew
©2019 Bloomberg L.P.