National Bank of Abu Dhabi – Michael H. Tomalin

The National Bank of Abu Dhabi (NBAD) is the second largest bank in the UAE with assets reaching $45 billion. Executive Magazine recently conducted an exclusive interview with the bank’s CEO of 10 years, Michael H. Tomalin, a senior international wholesale and private banker with more than 30 years experience with Rothschild and Barclays in the UK, Japan, the Middle East, Australia, the Caribbean and the Far East. E What strategies will UAE banks be using in 2009? How will they differ from previous strategies? Obviously global markets are more tricky and I think that the strategies in 2009 are going to be more focused on good housekeeping and also more at home than abroad. There’s going to be a lot more concentration on getting it right inside the UAE. It will be less expansionist and mostly internalized. E Will banks be more prudent with lending and provisions? Seeing as