In the Presence of H.H. Sheikh Ahmed bin Saeed Al Maktoum
Emirates NBD Board of Directors recognizes its ICAEW qualified UAE National Chartered Accountant employees
Dubai, 08 March 2023: In the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD Group, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, Emirates NBD Board of Directors received and congratulated a group of its talented Emirati chartered accountant employees who have joined the elite Institute of Chartered Accountants in England and Wales (ICAEW) members club. H.H. Sheikh Ahmed bin Saeed Al Maktoum and the Board members with members of the Bank’s Senior Management appreciated their passion and dedication towards achieving this milestone.
H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman, Emirates NBD Group said: “We congratulate our talented Emirati employees who have worked very hard and were successful in achieving the requirements for becoming Chartered Accountants from ICAEW. Emirates NBD Group is proud of their achievement and proud to announce that out of 18 ICAEW qualified Emirati chartered accountants in the UAE, 11 (61%) are trained and qualified from Emirates NBD. This is a testament of the continuous Emiratisation effort at Emirates NBD on developing, retaining and grooming talented Emiratis to take up leadership positions. Through this initiative, the bank plays a key role in providing a supply of Emirati chartered accountants in the UAE.”
H.H. Sheikh Ahmed added: “We would like to wish our UAE national chartered accountant employees the best of luck in their career with Emirates NBD and thank Emirates NBD management members for their efforts and support to them. We also extend our good luck wishes to all the ICAEW students in completing their qualifications.”
Of the FTSE 100 companies, 83 have an ICAEW member on their board, hence these ICAEW members are part of the nation’s future leaders. Emirates NBD and ICAEW celebrate ten years of successful partnership. The Bank currently has 31 Emiratis in the pipeline pursuing the ICAEW qualification.
Group Finance at Emirates NBD is leading this initiative supported by Internal Audit and Group Human Resources, where talented students from universities are hired and trained for a period of two to three years. Students are trained by a dedicated qualified and experienced team of professionals with bespoke coaching classes. During the training, some of these students are deployed to one of the Big Four accounting firms on secondment and get the opportunity to experience the external business and audit environment.
Founded in 1880, ICAEW has a long history and a leading global professional body for chartered accountants. Emirates NBD is accredited by ICAEW as an authorized training employer to offer ICAEW qualifications in the UAE besides the Big Four accounting firms.
About Emirates NBD
Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Turkey) region with a presence in 13 countries, serving over 17 million customers. As at 31st December 2022, total assets were AED 742 billion, (equivalent to approx. USD 202 billion). The Group has operations in the UAE, Egypt, India, Turkey, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 879 branches and 4,130 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 3.6 billion.
Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv., the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region.
Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE’s main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is also an early supporter to Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.