Page 64 - Simply Abu Dhabi Magazine III

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64
S IMPLY ABU DHABI
MICHAEL H. TOMALIN
GROUP CHIEF EXECUTIVE OF NATIONAL BANK OF ABU DHABI
Mr. Tomalin is a senior international wholesale and private banker with a diverse
background of highly proactive executive experience in the UK, Japan, Middle
East, New Zealand, the Caribbean and Hong Kong.
A seasoned banker, he was bestowed with the honour of
O.B.E. (Officer of the Order of the British Empire) in
1991. After university where he graduated with degrees
in economics and international relations, Tomalin trained
as an Investment Manager at NM Rothschild in London
before broadening his banking prowess with a career move
into general management at Barclays.
In 1992, he was appointed the Chief Executive of Barclays
Global Private Banking after he had served in senior
executive roles in Barbados, Hong Kong, New Zealand
and Tokyo.
As the UAE strives to capitalise on the strong investor
appetite and opportunities within the region, Mr. Tomalin
has demonstrated a firm commitment to supporting Abu
Dhabi 2030 Vision, which aims to raise the profile of Abu
Dhabi and transform it into an international destination
for culture and commerce.
NBAD, the UAE capital’s largest lender, was established
in 1968 and since its launch has played a significant role
in the progressive economic development of the UAE.
Such is the success of the bank that it now boasts nearly
120 branches and offices across the UAE while its overseas
network stretches from Hong Kong in the Far East to
Oman, Kuwait and Bahrain in the GCC; Egypt, Sudan
and Libya in Africa; France, Switzerland and the UK in
Europe; and Washington DC in the United States.
Michael H. Tomalin joined the National Bank of Abu
Dhabi (NBAD) as its Group Chief Executive in 1999. It
marked a decisive year in the Bank’s history as NBAD’s
financial performance turned around. When Mr. Tomalin
became the CE, NBAD earned US$84.7 million. Since
1999, under Mr. Tomalin’ s steady and far-sighted
leadership NBAD’s net profit has grown each year to
surpass US$1 billion in 2010, the first UAE bank to
accomplish this feat.
Mr Tomalin is driving NBAD’s visionary goal to be
recognised as ‘the World’s Best Arab Bank’. However,
with uncertain economic times, things have not always
proved plain sailing for the bank. NBAD, the second-
largest lender by assets in the UAE, reported flat net
profits of just over AED3 billion for 2009, but, despite
some difficult challenges in 2010 the bank reported net
profits of AED3.7 Billion, an increase of over 20%. Mr.
Tomalin will continue to work to secure Abu Dhabi’s role
in the financial industry throughout 2011 and beyond and
work to support the necessary growth intended to place
Abu Dhabi firmly on the map as a global destination.
Out of work, Michael enjoys golf on Abu Dhabi’s fabulous
golf courses, bridge and travel and believes to have visited
more than 100 countries at work and play. Although his
children are now grown up, and are living and working
In London, they are regular visitors here. Michael thinks
Abu Dhabi is one of the best places in the world for a
family, and a great place to work for those with drive and
ambition.
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