NBF ex-wholesale & institutional banking head P B Das has been appointed to lead the new formed company, while the unit has employed experienced corporate bankers familiar with the region and its business nature.
Based in Dubai International Financial Center (DIFC), the financial advisory business will offer services pertaining to loan syndication, mergers and acquisitions to business formation and corporate restructuring.
NBF CEO Vince Cook said that the establishment of a formal advisory entity focused exclusively on advisory services is a logical extension of its corporate banking business.
The company sees growing demand for financial advisory services from companies that may not have the inclination or means to recruit the services of big, multinational investment banks and consulting firms, Cook added.
Regulated by the Dubai Financial Services Authority, NBF Capital is currently working from temporary premises in DIFC, but will relocate to the centre’s precinct building later in the summer of 2013.
