ABU DHABI/SYDNEY, April 3 National Bank of Abu
Dhabi, the largest bank by market value in the UAE,
appointed former Australia and New Zealand Banking Group
executive Alex Thursby as its new chief executive on
ANZ earlier on Wednesday announced that Thursby, the chief
executive of ANZ's international and institutional bank, was
leaving to run a bank in the Middle East at the end of the
month, without naming the bank.
NBAD is planning to expand its operations outside its
traditional Middle Eastern base, targeting Asia and other
British-born Thursby was one of the main executives behind
CEO Mike Smith's push for ANZ to become a super regional bank.
ANZ is expanding aggressively in Asia, where it now aims to
double its earnings to up to 30 percent of its total inside the
next five years.
(Reporting by Stanley Carvalho in Abu Dhabi and Lincoln Feast
in Sydney; Editing by Chris Gallagher)